New York Statutes
§ 1305 — Risk management
New York § 1305
This text of New York § 1305 (Risk management) 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. General Business § 1305 (2026).
Text
§ 1305. Risk management. The board shall annually prepare, or cause to\nbe prepared, and adopt a written statement of investment policy that\nincludes a risk management and oversight program. This investment policy\nshall prohibit the board and the program from borrowing for investment\npurposes. The risk management and oversight program shall be designed to\nensure that an effective risk management system is in place to monitor\nthe risk levels of the program, to ensure that the risks taken are\nprudent and properly managed, to provide an integrated process for\noverall risk management, and to assess investment returns as well as\nrisk to determine if the risks taken are adequately compensated compared\nto applicable performance benchmarks and standards. The board shall\nconsider the st
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Nearby Sections
15
§ 1300
Definitions§ 1301
Program established§ 1302
Composition of the board§ 1303
Fiduciary duty§ 1304
Duties of the board§ 1305
Risk management§ 1306
Financial organizations§ 1307
Investment options§ 1308
Benefits§ 1311
PaymentsCite This Page — Counsel Stack
Bluebook (online)
New York § 1305, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GBS/1305.