ยง 20.31. Bonds and notes as legal investments. The bonds and notes of
a trust are hereby made securities in which all public officers and
bodies of this state and all municipalities and political 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 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
may be received by all public officers and bodies of this state and all
municipalities and political subdivisions for any purpose for which the
deposit of bonds or other obligations of this state is now or may
hereafter be authorized.
Structure New York Laws
ACA - Arts and Cultural Affairs
Title E - New York State Cultural Resources Act
Article 20 - New York State Cultural Resources Act
20.05 - Legislative Findings and Determinations, and Statement of Purposes.
20.07 - Creation and Purposes of a Trust.
20.09 - Administration of a Trust.
20.11 - General Powers of a Trust.
20.13 - Special Powers of a Trust.
20.17 - Bonds and Notes of a Trust.
20.19 - Security for Bonds or Notes.
20.23 - State's Right to Require a Redemption of Bonds.
20.25 - Remedies of Bondholders and Noteholders.
20.27 - State and Municipalities Not Liable on Bonds and Notes.
20.29 - Agreement of the State.
20.31 - Bonds and Notes as Legal Investments.
20.33 - Exemption From Taxation.
20.35 - Actions by and Against a Trust.
20.37 - Cooperation With the State, Counties and Municipalities.
20.39 - Annual and Other Reports.