N.Y. Comp. Codes R. & Regs. tit. 3 § 113.4
Current through Register Vol. 46, No. 43, October 23, 2024
For the purpose of complying with the requirements of section 235-d of the Banking Law and Part 85 of this Title, an investment by a savings bank or savings and loan association in the capital surplus of a corporation operated as a service corporation shall be deemed to be an investment in the capital stock of such service corporation.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 113.4