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Code · New York · Banking · Private Bankers

§ 162. Permanent capital; increase or decrease.

51 words·~1 min read·/ny/banking/private-bankers/162

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§ 162. Permanent capital; increase or decrease. Every private banker
shall keep unimpaired in his banking business the amount of permanent
capital specified in his verified certificate. From time to time, with
the written approval of the superintendent and upon good cause shown,
such permanent capital may be increased or decreased.
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