N.Y. Comp. Codes R. & Regs. tit. 3 § 1.4

Current through Register Vol. 46, No. 43, October 23, 2024

Section 1.4 - Application of other laws and regulations

The provisions of Supervisory Procedure CB 119 shall apply to any savings bank which proposes to establish a common trust fund, and the provisions of Part 22 of this Title shall apply to any savings bank maintaining such a fund. The terms trust company and board of directors, as used in CB 119 and Part 22, shall be deemed to mean the trust department of a savings bank and board of trustees of a savings bank, respectively.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 1.4