N.Y. BNK Law § 510
This is the official text of N.Y. BNK Law § 510, 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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Restrictions as to entries in books
Official statutory text
§ 510. Restrictions as to entries in books. 1. No investment company\nshall by any system of accounting or any device of bookkeeping, directly\nor indirectly enter any of its assets upon its books in the name of any\nother individual, partnership, unincorporated association or\ncorporation, or under any title or designation that is not truly\ndescriptive thereof.\n 2. Every investment company shall conform its methods of keeping its\nbooks and records to such orders in respect thereto as shall have been\nmade and promulgated by the superintendent pursuant to the provisions of\narticle two of this chapter. Any investment company that refuses or\nneglects to obey such order shall be subject to a penalty in an amount\nas determined pursuant to section forty-four of this chapter for each\nday it so refuses or neglects.\n
Status: in_force · Read it on the official government site
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