N.Y. Comp. Codes R. & Regs. tit. 3 § 94.1

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

Section 94.1 - Borrowings for the purpose of repaying shareholders and depositors

A savings and loan association may borrow money for the purpose of repaying shareholders and depositors, and pledge its assets as security for the repayment thereof, in any amount.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 94.1