N.Y. Public Authorities Law § 1599-M*4
Bonds and notes legal investments for public officers and fiduciaries
New York · New York Public Authorities Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. Public Authorities Law § 1599-M*4, Bonds and notes legal investments for public officers and fiduciaries, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1119082
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Full text
* § 1599-m. Bonds and notes legal investments for public officers and
fiduciaries. The bonds are hereby made securities in which all public
officers and bodies of this state and all municipalities and municipal
subdivisions, all insurance companies and associations and other persons
carrying on an insurance business, all banks, bankers, trust companies,
savings banks and savings associations, including savings and loan
associations, building and loan associations, investment companies and
other persons carrying on a banking business, all administrators,
guardians, executors, trustees and other fiduciaries and all other
persons whatsoever except as hereinafter provided, who are now or may
hereafter be authorized to invest in bonds or other obligations of the
state, may properly and legally invest funds including capital in their
control or belonging to them. The bonds are also hereby made securities
which may be deposited with and shall be received by all public officers
and bodies of this state and all municipalities and municipal
subdivisions for any purpose for which the deposit of bonds or other
obligations of this state is now or may hereafter be authorized.
* NB Authority ceased to exist 08/05/2002
* NB There are 4 § 1599-m's