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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 10
Savings and Loan Associations
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SECTION 381
Power to take and hold real estate; restrictions
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ARTICLE 10
Savings and Loan Associations
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SECTION 382-A
Power to act as trustee under self-employed retirement trust and of individual retirement account; investment in savings account
This entry was published on 2014-09-22
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SECTION 382
Power to borrow
Banking (BNK) CHAPTER 2, ARTICLE 10
§ 382. Power to borrow. Subject to such regulations as the
superintendent of financial services may promulgate, a savings and loan
association may borrow money and pledge its assets as security for the
repayment thereof if it has been authorized so to do by the vote of a
majority of its board of directors.