Legislation
SECTION 12
Deposits of public authorities, public benefit corporations and other corporations
General Municipal (GMU) CHAPTER 24, ARTICLE 2
§ 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.
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.