New York Statutes
§ 380-K — Investment in promissory notes
New York § 380-K
This text of New York § 380-K (Investment in promissory notes) 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-K (2026).
Text
§ 380-k. Investment in promissory notes. A savings and loan\nassociation may invest in promissory notes and other evidences of\nindebtedness representing commercial, corporate or business loans to the\nsame extent as a savings bank is authorized to invest in such notes\nunder subdivision eight-c of section two hundred thirty-five of this\nchapter, subject to those limitations applicable to such investments in\nthe case of a savings bank. For the purposes of this section, the term\n"net worth" shall have the meaning ascribed to it by subdivision four of\nsection two hundred forty-four of this chapter. In addition, a savings\nand loan association is authorized to invest in such promissory notes as\na savings bank may invest in pursuant to paragraph five of subdivision\neight of section tw
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New York § 380-K, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/BNK/380-K.