There is a newer version of the New York Consolidated Laws
2010 New York Code
BNK - Banking
Article 13-D - (660 - 674-A) MISCONDUCT RELATING TO BANKING ORGANIZATIONS
664 - Unlawful investments by officers of mutual savings banks.
§ 664. Unlawful investments by officers of mutual savings banks. Any officer or trustee of a mutual savings bank authorizing or making any investment of the funds of the bank in securities not authorized by law, is guilty of a misdemeanor.
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