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N.Y. GMU Law § 12

This is the official text of N.Y. GMU Law § 12, part of New York’s GMU Law — part of the compiled statutory law of New York, published by the state as "GMU Law." Browse the sections below, each linked to its official government source.

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Deposits of public authorities, public benefit corporations and other corporations

Official statutory text

§ 12. Deposits of public authorities, public benefit corporations and\nother corporations. In the event any public authority, public benefit\ncorporation or such other corporation to whose governing board the mayor\nof the city of New York appoints one or more members shall require\nsecurity from a bank or trust company for deposit of moneys, then such\nsecurity may include obligations of the city of New York.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.