N.Y. Banking Law § 382
Current through 2024 NY Law Chapters 1-59 and 61-121
Subject to such regulations as the superintendent of financial services may promulgate, a savings and loan association may borrow money and pledge its assets as security for the repayment thereof if it has been authorized so to do by the vote of a majority of its board of directors.
N.Y. BankingLaw § 382