New York Statutes
§ 241 — Early maturity
New York § 241
This text of New York § 241 (Early maturity) 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. State Finance § 241 (2026).
Text
§ 241. Early maturity. Unless otherwise agreed to by the corporation,\nthe linked deposit shall automatically mature on the thirtieth calendar\nday after the occurrence of any event, monetary or non-monetary, which,\nwhether declared by the lender or not, constitutes a default under any\nterm or terms of the linked loan and such default remains uncured as of\nsuch thirty calendar days. Upon early repayment of a linked loan, the\nlinked deposit shall automatically mature with payment due to the\ncorporation on or before the last day of the month in which prepayment\noccurs.\n
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Bluebook (online)
New York § 241, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/STF/241.