N.Y. Comp. Codes R. & Regs. tit. 3 § 22.21
Current through Register Vol. 46, No. 51, December 18, 2024
No mistake made in good faith and despite the exercise of due care in connection with the administration of a common trust fund shall be deemed to be a violation of this Part if after the discovery of the mistake the trust company takes promptly whatever action may be practicable in the circumstances to remedy the mistake.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 22.21