N.Y. Comp. Codes R. & Regs. tit. 3 § 3.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 3.2 - Banking board's findings

The Banking Board hereby finds that violation of any of the provisions of section 3.1 of this Part:

(a) is inconsistent with and prejudicial to the safe and sound conduct of the business of banking organizations;

(b) is inconsistent with and prejudicial to the interest of the public, and is inconsistent with and prejudicial to the interests of depositors, creditors, shareholders and stockholders, as the case may be and

(c) constitutes an unsafe manner of conducting the business of banking organizations.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 3.2