Statute · New York Banking Law
N.Y. Banking Law § 664 — Unlawful investments by officers of mutual savings banks
N.Y. Banking Law § 664
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 664. Unlawful investments by officers of mutual savings banks. Any officer or trustee of a mutual savings bank authorizing or making any investment of the funds of the bank in securities not authorized by law, is guilty of a misdemeanor.
Citator
N.Y. Banking Law § 664 — Unlawful investments by officers of mutual savings banks is in force in the current edition of the Code, and nothing recorded condemns it.
§ 664. Unlawful investments by officers of mutual savings banks. Any officer or trustee of a mutual savings bank authorizing or making any investment of the funds of the bank in securities not authorized by law, is guilty of a misdemeanor.