N.Y. Comp. Codes R. & Regs. tit. 3 § 50.50
Current through Register Vol. 46, No. 39, September 25, 2024
The mutual trust investment company shall cause to be transferred to a liquidating account each investment held by it which has ceased to be eligible and which remains ineligible at a valuation date as a new investment before issuance or redemption of shares of the mutual trust investment company. The mutual trust investment company in its discretion may cause to be so transferred any other investment which it deems advisable to distribute in kind or to liquidate for the benefit of the participants entitled thereto.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 50.50