Section 1133. Bonds legal investments for fiduciaries  


Latest version.
  • The bonds of the
      authority are hereby made securities in which all public  officials  and
      bodies  of the state and all municipalities, 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, investment companies and other
      persons carrying on a banking business, and  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
      are  also  hereby  made  securities  which  may be deposited with and be
      received by all  public  officers  and  bodies  of  the  state  and  all
      municipalities  for any purposes for which the deposit of bonds or other
      obligations of the state is now or hereafter may be authorized.
        * NB There are 2 § 1133's