New York Statutes
§ 1306 — Financial organizations
New York § 1306
This text of New York § 1306 (Financial organizations) 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 § 1306 (2026).
Text
§ 1306. Financial organizations.
1.The board shall engage, after an\nopen bid process, a financial organization or organizations to invest\nassets of the program. In selecting the financial organization or\norganizations, the board shall take into consideration and give weight\nto the financial organization's fees and charges in order to reduce the\nprogram's administrative expenses.\n 2. The financial organizations shall comply with applicable federal\nand state laws, rules, and regulations, as well as rules, policies, and\nguidelines promulgated by the board with respect to the program,\nincluding, but not limited to, the investment policy.\n 3. The financial organization or organizations shall provide such\nreports as the board deems necessary for the board to oversee each\nfinanci
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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 § 1306, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GBS/1306.