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Code · New York · Banking · Misconduct Relating to Banking Organizations

§ 661. Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit.

95 words·~1 min read·/ny/banking/misconduct-relating-to-banking-organizations/661·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 661. Officer or agent of banking corporation or a private banker
making guaranty or endorsement beyond the legal limit. An officer or
agent of any banking corporation, or a private banker or his agent, who
makes or delivers any guaranty or indorsement on behalf of such
corporation or private banker, whereby such corporation or private
banker may become liable on any of its or his discounted notes, bills or
obligations, in a sum beyond the amount of loans and discounts which
such corporation or private banker may legally make, is guilty of a
misdemeanor.
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