Search OpenLegislation Statutes

This entry was published on 2014-09-22
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Preservation of books and records
§ 378-d. Preservation of books and records. Every savings and loan
association shall preserve all its records of final entry, including
cards used under the card system and deposit tickets, for a period of at
least six years from the date of making the same or from the date of the
last entry thereon; provided, however, that preservation of photographic
reproductions thereof or records in photographic form shall constitute
compliance with the requirements of this section. Notwithstanding the
foregoing, the superintendent of financial services may prescribe by
regulation such period of time longer or shorter than six years during
which all records kept by savings and loan associations as fiduciary
shall be preserved in original form.