N.Y. Banking Law 123 – Reports of directors' examinations
§ 123. Reports of directors' examinations. 1. A report in writing of any examination made pursuant to the requirements of section one hundred twenty-two of this article, shall be presented to the board of directors of such bank or trust company at their next regular meeting after completion of such examination, and placed on file in such bank or trust company, and a duplicate thereof filed in the office of the superintendent. Such report shall contain such information as the superintendent shall require.
Terms Used In N.Y. Banking Law 123
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. A report prepared pursuant to part three hundred sixty-three of the rules and regulations of the Federal Deposit Insurance Corporation, as the same may be amended from time to time, may, in the sole discretion of the superintendent, satisfy the reporting requirements of this section.
3. Any report filed in the office of the superintendent shall include a certificate that such report was presented to the board of directors, in the form prescribed by the superintendent.