New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 89 - Alternative Investments In Debt And Equity Securities By Savings Banks And Savings And Loan Associations
Section 89.5 - Investment committee
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 89.5
Current through Register Vol. 46, No. 12, March 20, 2024
No thrift institution shall make any investment, pursuant to the provisions of section 235.30 or 379.5 of the Banking Law and the provisions of this Part, without the prior establishment of a securities investment committee of its board of trustees or directors, a majority of the members of which committee shall not be officers or employees of the thrift institution.
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