Statute · New York Banking Law
N.Y. Banking Law § 382 — Power to borrow
N.Y. Banking Law § 382
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 382. Power to borrow. Subject to such regulations as the superintendent of financial services may promulgate, a savings and loan association may borrow money and pledge its assets as security for the repayment thereof if it has been authorized so to do by the vote of a majority of its board of…
Citator
N.Y. Banking Law § 382 — Power to borrow is in force in the current edition of the Code, and nothing recorded condemns it.
§ 382. Power to borrow. Subject to such regulations as the superintendent of financial services may promulgate, a savings and loan association may borrow money and pledge its assets as security for the repayment thereof if it has been authorized so to do by the vote of a majority of its board of directors.