N.Y. Comp. Codes R. & Regs. tit. 3 § 89.5

Current through Register Vol. 46, No. 36, September 4, 2024

Section 89.5 - Investment committee

No thrift institution shall make any investment, pursuant to the provisions of section 235.30 or 379.5 of the Banking Law and the provisions of this Part, without the prior establishment of a securities investment committee of its board of trustees or directors, a majority of the members of which committee shall not be officers or employees of the thrift institution.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 89.5