N.Y. NYP Law § 8
This is the official text of N.Y. NYP Law § 8, part of New York’s NYP Law — part of the compiled statutory law of New York, published by the state as "NYP Law." Browse the sections below, each linked to its official government source.
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Bonds and notes as legal investments
Official statutory text
§ 8. Bonds and notes as legal investments.\n The bonds and notes of the agency are hereby made securities in which\nall public officers and bodies of this state and all municipalities and\nmunicipal subdivisions, all insurance companies and associations, and\nother persons carrying on an insurance business, all banks, bankers,\ntrust companies, savings banks and savings associations, including\nsavings and loan associations, building and loan associations,\ninvestment companies and other persons carrying on a banking business,\nall administrators, guardians, executors, trustees and other\nfiduciaries, 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\ntheir control or belonging to them.\n
Status: in_force · Read it on the official government site
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