New York § 1599-MMM Bonds legal investments for public officers

New York Statutes

§ 1599-MMM — Bonds legal investments for public officers

New York § 1599-MMM

Law PBAPublic Authorities

Title 16Village of Mount Kisco Parking Authority

Art. 7Parking Authorities

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N.Y. Public Authorities § 1599-MMM (2026).

Text

  * § 1599-mmm. Bonds legal investments for public officers. The bonds\nare hereby made securities in which all public officers and bodies of\nthis state and all municipalities and municipal subdivisions, all\ninsurance companies and associations and other persons carrying on an\ninsurance business, all banks, bankers, trust companies, savings banks\nand savings associations, including savings and loan associations,\nbuilding and loan associations, investment companies and other persons\ncarrying on a banking business, and all other persons whatsoever except\nas hereinafter provided, who are now or may hereafter be authorized to\ninvest in bonds or other obligations of the state, may properly and\nlegally invest funds including capital in their control or belonging to\nthem, provided that,

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* § 1599-mmm. Bonds legal investments for public officers. The bonds\nare hereby made securities in which all public officers and bodies of\nthis state and all municipalities and municipal subdivisions, all\ninsurance companies and associations and other persons carrying on an\ninsurance business, all banks, bankers, trust companies, savings banks\nand savings associations, including savings and loan associations,\nbuilding and loan associations, investment companies and other persons\ncarrying on a banking business, and all other persons whatsoever except\nas hereinafter provided, who are now or may hereafter be authorized to\ninvest in bonds or other obligations of the state, may properly and\nlegally invest funds including capital in their control or belonging to\nthem, provided that, notwithstanding the provisions of any other general\nor special law to the contrary, such bonds shall not be eligible for the\ninvestment of funds, including capital, of trusts, estates or\nguardianships under the control of individual administrators, guardians,\nexecutors, trustees and other individual fiduciaries. The bonds are also\nhereby made securities which may be deposited with and shall be received\nby all public officers and bodies of this state and municipalities and\nmunicipal subdivisions for any purpose for which the deposit of bonds or\nother obligations of this state is now or may hereafter be authorized.\n * NB Authority ceased to exist 06/01/1976\n * NB There are 2 § 1599-mmm's\n