N.Y. Comp. Codes R. & Regs. tit. 3 § 25.3
Current through Register Vol. 46, No. 39, September 25, 2024
In determining whether or not to approve any proposed notice to stockholders, the superintendent shall take into consideration the nature of the order issued pursuant to Banking Law, section 39, the condition of such corporate banking organization, and the results of any examination or investigation of such corporate banking organization which he or she has caused to be made. In no event shall the superintendent approve any proposed notice to stockholders unless it shall be found that full disclosure can be made to stockholders while, at the same time, protecting the public interest and the interests of depositors, creditors and stockholders.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 25.3