N.Y. Comp. Codes R. & Regs. tit. 9 § 1728-2.4
Current through Register Vol. 46, No. 25, June 18, 2024
A bank account shall be opened in a local bank insured by the Federal Deposit Insurance Corporation entitled "Name of company Administration Fund." Into this account shall be deposited all rent receipts and other miscellaneous operating income. From this account shall be disbursed all expenses for current operations.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 1728-2.4