N.Y. Comp. Codes R. & Regs. tit. 3, § 94.1 – Borrowings for the purpose of repaying shareholders and depositors. | Midpage
§ 94.1
N.Y. Comp. Codes R. & Regs. tit. 3, § 94.1
Borrowings for the purpose of repaying shareholders and depositors.
Banking
A savings and loan association may borrow money for the purpose of repaying shareholders and depositors, and pledge its assets as security for the repayment thereof, in any amount.