Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 234-A
Settlement, modification or readjustment of investment
Banking (BNK) CHAPTER 2, ARTICLE 6
§ 234-a. Settlement, modification or readjustment of investment. A
savings bank may consent to any settlement, modification or readjustment
of any investment in securities legally made by such savings bank, and
may accept and hold stocks, bonds, notes, securities or other property,
real or personal, offered in full or partial settlement, modification or
readjustment of any such investment. The superintendent may, in his
discretion, require any savings bank to dispose of any investment
acquired by it pursuant to this section.