New York § 380-C Power to participate in certain loans and mortgage investments

New York Statutes

§ 380-C — Power to participate in certain loans and mortgage investments

New York § 380-C

Law BNKBanking

Art. 10Savings and Loan Associations

This text of New York § 380-C (Power to participate in certain loans and mortgage investments) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 380-C (2026).

Text

  § 380-c. Power to participate in certain loans and mortgage\ninvestments.  Subject to such regulations and restrictions as may be\nprescribed by the superintendent of financial services, a savings and\nloan association may participate in making or acquiring (1) loans of a\ntype that it is authorized to have by paragraph (b) of subdivision two\nof section three hundred eighty of this chapter, and (2) mortgage\ninvestments of any type that it is authorized to have, provided that the\nparticipation acquired shall not be subordinate to any other part\ninterest.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 380-c. Power to participate in certain loans and mortgage\ninvestments. Subject to such regulations and restrictions as may be\nprescribed by the superintendent of financial services, a savings and\nloan association may participate in making or acquiring (1) loans of a\ntype that it is authorized to have by paragraph (b) of subdivision two\nof section three hundred eighty of this chapter, and (2) mortgage\ninvestments of any type that it is authorized to have, provided that the\nparticipation acquired shall not be subordinate to any other part\ninterest.\n