Statute · New York Banking Law
N.Y. Banking Law § 661 — Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit
N.Y. Banking Law § 661
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 661. Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit. An officer or agent of any banking corporation, or a private banker or his agent, who makes or delivers any guaranty or indorsement on behalf of such corporation or private…
Citator
N.Y. Banking Law § 661 — Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit is in force in the current edition of the Code, and nothing recorded condemns it.
§ 661. Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit. An officer or agent of any banking corporation, or a private banker or his agent, who makes or delivers any guaranty or indorsement on behalf of such corporation or private banker, whereby such corporation or private banker may become liable on any of its or his discounted notes, bills or obligations, in a sum beyond the amount of loans and discounts which such corporation or private banker may legally make, is guilty of a misdemeanor.