§ 260. Charters of all savings banks conformed to this article.
122 words·~1 min read·
/ny/banking/savings-banks/260·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 260. Charters of all savings banks conformed to this article. The
powers, privileges and duties, and all restrictions, heretofore or
hereafter conferred or imposed upon any savings bank by whatever name
known, by its charter or act of incorporation, are hereby abridged,
enlarged or modified, as each particular case may require, in such
manner that every such charter or act of incorporation shall be made to
conform to the provisions of this article and to such amendments thereof
as may be hereafter made. Every savings bank shall possess the powers,
rights and privileges, and be subject to the duties, restrictions and
liabilities, conferred and imposed by this article, notwithstanding
anything to the contrary in their respective charters or acts of
incorporation.