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New York Consolidated Laws

4-A

Trust Indentures and Interests Therein

124Purpose and application of article 125Definitions 126Trust indentures 127Restrictions on trustees 128Minimum bid of trustee at sale on foreclosure to be fixed by court 129No deposit agreement shall be valid or binding which does not set forth the following provisions for the protection of the bondholders: (...130-ARestrictions on committees 130-BManaging agents and management companies 130-CVoting trustees and voting trust agreements 130-DFees and allowances 130-ERemoval of trustees, committees or depositaries 130-FActions for accounting by minority groups; expenses thereof 130-GViolations and penalties 130-HConstruction of article 130-ISeparability 130-JRight to appeal 130-KExemptions from restrictions on trustees and trust indentures