N.Y. BNK Law § 420-L
This is the official text of N.Y. BNK Law § 420-L, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Savings and loan bank eligible as fiscal agent
Official statutory text
§ 420-l. Savings and loan bank eligible as fiscal agent. The savings\nand loan bank operating pursuant to article ten-B of the banking law may\nbe designated by the fund as its fiscal agent; such bank shall have the\npower to accept such designation and to do all acts necessary in order\nto carry out the duties thereby imposed in accordance with any agreement\nentered into pursuant thereto.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.