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

§ 664. Unlawful investments by officers of mutual savings banks.

41 words·~1 min read·/ny/banking/misconduct-relating-to-banking-organizations/664·

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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.
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