N.Y. Comp. Codes R. & Regs. tit. 3 § 68.3

Current through Register Vol. 46, No. 39, September 25, 2024
Section 68.3 - Investments in capital stock of service agency

No savings and loan association shall invest in the capital stock of a service agency if the aggregate amount of its investment in such stock, including a proposed investment, would exceed the greater of three tenths of one percent of the total assets of such savings and loan association or $3,000 as of the date of such investment.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 68.3