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Statutes > New York Laws > BNK - Banking > Article 13-D - (660 - 674-A) MISCONDUCT RELATING TO BANKING ORGANIZATIONS > 664 - Unlawful investments by officers of mutual savings banks.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

664 - Unlawful investments by officers of mutual savings banks.

§ 664. Unlawful investments by officers of mutual savings banks. Any officer or trustee of a mutual savings bank authorizing or making any investment of the funds of the bank in securities not authorized by law, is guilty of a misdemeanor.

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