N.Y. BNK Law § 380-C
This is the official text of N.Y. BNK Law § 380-C, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Power to participate in certain loans and mortgage investments
Official statutory text
§ 380-c. Power to participate in certain loans and mortgage\ninvestments. Subject to such regulations and restrictions as may be\nprescribed by the superintendent of financial services, a savings and\nloan association may participate in making or acquiring (1) loans of a\ntype that it is authorized to have by paragraph (b) of subdivision two\nof section three hundred eighty of this chapter, and (2) mortgage\ninvestments of any type that it is authorized to have, provided that the\nparticipation acquired shall not be subordinate to any other part\ninterest.\n
Status: in_force · Read it on the official government site
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