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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 12-A
Mutual Trust Investment Companies
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SECTION 550
Incorporation; organization certificate
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ARTICLE 12-A
Mutual Trust Investment Companies
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SECTION 552
Accountability
This entry was published on 2014-09-22
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SECTION 551
Investment powers
Banking (BNK) CHAPTER 2, ARTICLE 12-A
§ 551. Investment powers. A mutual trust investment company may invest
in such investments as the company may select in its discretion.

The amount of stock of any corporation which may be held by any mutual
trust investment company shall not exceed five per centum of the number
of shares of stock of such corporation outstanding at the time of
investment by such mutual trust investment company.