Public Authorities Law § 1621-m · Title 21. Middletown Parking Authority
Bonds and notes legal investments for public officers and fiduciaries
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
* § 1621-m. Bonds and notes legal investments for public officers and fiduciaries. The bonds and notes are hereby made securities in which all public officers, and bodies of the state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds including capital in their control or belonging to them. The bonds and notes are also hereby made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of bonds or other obligations of this state is now or may hereafter be authorized.
* NB Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PBA1621-M
- Text hash
- sha256 03f357c44074d50802ed75de814729b88c843fb093f3b6a84ba531d675dbed56
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
- The Senate's note "Repealed per § 1621-r (see chapter 597 of 2023 § 2 for specifics)" is printed with the text.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.