New York § 551 Investment powers

New York Statutes

§ 551 — Investment powers

New York·Law BNK Banking·Art. 12-A Mutual Trust Investment Companies

  § 551. Investment powers. A mutual trust investment company may invest\nin such investments as the company may select in its discretion.\n  The amount of stock of any corporation which may be held by any mutual\ntrust investment company shall not exceed five per centum of the number\nof shares of stock of such corporation outstanding at the time of\ninvestment by such mutual trust investment company.\n

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§ 551. Investment powers. A mutual trust investment company may invest\nin such investments as the company may select in its discretion.\n The amount of stock of any corporation which may be held by any mutual\ntrust investment company shall not exceed five per centum of the number\nof shares of stock of such corporation outstanding at the time of\ninvestment by such mutual trust investment company.\n

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