New York § 515 Bonds and notes as legal investments

New York Statutes

§ 515 — Bonds and notes as legal investments

New York § 515

Law PMLRacing, Pari-Mutuel Wagering and Breeding Law

Art. 5Regional Off-track Betting Corporations

This text of New York § 515 (Bonds and notes as legal investments) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 515 (2026).

Text

  § 515. Bonds and notes as legal investments. The bonds and notes of a\ncorporation are hereby made securities in which all public officers and\nbodies of this state and all municipalities and municipal subdivisions,\nall insurance companies and associations, and other persons carrying on\nan insurance business, all banks, bankers, trust companies, savings\nbanks and savings associations, including savings and loan associations,\nbuilding and loan associations, investment companies and other persons\ncarrying on a banking business, all administrators, guardians,\nexecutors, trustees and other fiduciaries, and all other persons\nwhatsoever who are now or may hereafter be authorized to invest in bonds\nor in other obligations of the state, may properly and legally invest\nfunds, including c

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§ 515. Bonds and notes as legal investments. The bonds and notes of a\ncorporation are hereby made securities in which all public officers and\nbodies of this state and all municipalities and municipal subdivisions,\nall insurance companies and associations, and other persons carrying on\nan insurance business, all banks, bankers, trust companies, savings\nbanks and savings associations, including savings and loan associations,\nbuilding and loan associations, investment companies and other persons\ncarrying on a banking business, all administrators, guardians,\nexecutors, trustees and other fiduciaries, and all other persons\nwhatsoever who are now or may hereafter be authorized to invest in bonds\nor in other obligations of the state, may properly and legally invest\nfunds, including capital, in their control or belonging to them.\n