Statute · New York General Municipal Law
N.Y. Gen. Mun. Law § 12 — Deposits of public authorities, public benefit corporations and other corporations
N.Y. Gen. Mun. Law § 12
- Type
- Statute
- Source
- New York General Municipal Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 12. Deposits of public authorities, public benefit corporations and other corporations. In the event any public authority, public benefit corporation or such other corporation to whose governing board the mayor of the city of New York appoints one or more members shall require security from a…
Citator
N.Y. Gen. Mun. Law § 12 — Deposits of public authorities, public benefit corporations and other corporations is in force in the current edition of the Code, and nothing recorded condemns it.
§ 12. Deposits of public authorities, public benefit corporations and other corporations. In the event any public authority, public benefit corporation or such other corporation to whose governing board the mayor of the city of New York appoints one or more members shall require security from a bank or trust company for deposit of moneys, then such security may include obligations of the city of New York.