New York Statutes

§ 1020-L*2 — Bonds legal investments for fiduciaries

New York·Law PBA Public Authorities·Title 1-A* Green Island Power Authority·Art. 5 Public Utility Authorities
* § 1020-l. Bonds legal investments for fiduciaries. The bonds are\nhereby made securities in which all public officers and bodies of this\nstate and all municipalities and municipal subdivisions, all insurance\ncompanies and associations and other persons carrying on an insurance\nbusiness, all banks, bankers, trust companies, savings banks and savings\nassociations, including savings and loan associations, building and loan\nassociations, investment companies and other persons carrying on a\nbanking business, and administrators, guardians, executors, trustees and\nother fiduciaries and all other persons whatsoever, who are now or may\nhereafter be authorized to invest in bonds or other obligations of the\nstate, may properly and legally invest funds including capital in their\ncontrol

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