26:2I-14 - Bonds as legal investments
26:2I-14.Ā Bonds as legal investments
Bonds and notes issued by the authority under the provisions of this act areĀ hereby made securities in which the State and all political subdivisions of theĀ State, their officers, boards, commissions, departments or other agencies, allĀ banks, bankers, savings banks, trust companies, savings and loan associations,Ā investment companies and other persons carrying on a banking business, allĀ insurance companies, insurance associations, and other persons carrying on anĀ insurance business, and all administrators, executors, guardians, trustees andĀ other fiduciaries, and all other persons whatsoever who now are or mayĀ hereafter be authorized to invest in bonds or other obligations of the State,Ā may properly and legally invest any funds, including capital belonging to themĀ or within their control;Ā and said bonds, notes or other securities orĀ obligations are hereby made securities which may properly and legally beĀ deposited with and received by any State or municipal officers or agency of theĀ State for any purpose for which the deposit of bonds or other obligations ofĀ the State is now or may hereafter be authorized by law.
L.1972, c. 29, s. 14.
Bonds and notes issued by the authority under the provisions of this act areĀ hereby made securities in which the State and all political subdivisions of theĀ State, their officers, boards, commissions, departments or other agencies, allĀ banks, bankers, savings banks, trust companies, savings and loan associations,Ā investment companies and other persons carrying on a banking business, allĀ insurance companies, insurance associations, and other persons carrying on anĀ insurance business, and all administrators, executors, guardians, trustees andĀ other fiduciaries, and all other persons whatsoever who now are or mayĀ hereafter be authorized to invest in bonds or other obligations of the State,Ā may properly and legally invest any funds, including capital belonging to themĀ or within their control;Ā and said bonds, notes or other securities orĀ obligations are hereby made securities which may properly and legally beĀ deposited with and received by any State or municipal officers or agency of theĀ State for any purpose for which the deposit of bonds or other obligations ofĀ the State is now or may hereafter be authorized by law.
L.1972, c. 29, s. 14.