N.Y. Banking Law 664 – Unlawful investments by officers of mutual savings banks
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§ 664. Unlawful investments by officers of mutual savings banks. Any officer or trustee of a mutual savings bank authorizing or making any investment of the funds of the bank in securities not authorized by law, is guilty of a misdemeanor.
Terms Used In N.Y. Banking Law 664
- Trustee: A person or institution holding and administering property in trust.