Legislation
SECTION 255-A
Publication and delivery of annual report
Banking (BNK) CHAPTER 2, ARTICLE 6
§ 255-a. Publication and delivery of annual report. Every savings bank
shall (1) prepare a complete statement of its financial condition,
including a summary of income and expense since its last previous
statement, and publish the same annually, such publication to be made in
the form and manner determined by the superintendent and in accordance
with the requirements of this section, (2) mail a copy of such financial
statement to each depositor on application therefor, and (3) make copies
of such financial statement available to depositors and other persons in
a convenient and conspicuous location on the premises of each of its
authorized places of business.
shall (1) prepare a complete statement of its financial condition,
including a summary of income and expense since its last previous
statement, and publish the same annually, such publication to be made in
the form and manner determined by the superintendent and in accordance
with the requirements of this section, (2) mail a copy of such financial
statement to each depositor on application therefor, and (3) make copies
of such financial statement available to depositors and other persons in
a convenient and conspicuous location on the premises of each of its
authorized places of business.