New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 37 - Real Estate Equity Investments In Community Development Projects
Section 37.2 - Limitations
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 37.2
Current through Register Vol. 46, No. 12, March 20, 2024
A bank or trust company's investment in any one community development project pursuant to this Part may not exceed two percent of its capital stock, surplus and undivided profits and its aggregate investment in all such projects may not exceed ten percent of its capital stock, surplus and undivided profits.
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