Statute · New York Banking Law
N.Y. Banking Law § 551 — Investment powers
N.Y. Banking Law § 551
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 551. Investment powers. A mutual trust investment company may invest in such investments as the company may select in its discretion.
Citator
N.Y. Banking Law § 551 — Investment powers is in force in the current edition of the Code, and nothing recorded condemns it.
§ 551. Investment powers. A mutual trust investment company may invest in such investments as the company may select in its discretion.
The amount of stock of any corporation which may be held by any mutual trust investment company shall not exceed five per centum of the number of shares of stock of such corporation outstanding at the time of investment by such mutual trust investment company.