New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 22 - Common Trust Funds
Section 22.10 - Procedure on accountings for liquidating accounts
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 22.10
Current through Register Vol. 46, No. 12, March 20, 2024
For the purpose of subsequent admissions to and withdrawals from the common trust fund, the value of any investment transferred to a liquidating account shall be excluded. The trust company shall include in any subsequent accounting for the common trust fund an accounting for each liquidating account established in connection with such common trust fund.
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