2015 New York Laws
BNK - Banking
Article 10 - (Banking) SAVINGS AND LOAN ASSOCIATIONS
397-A - Report to directors.

 397-a.  Report to directors. The board of directors of every savings
  and loan association shall designate, by resolution duly recorded in the
  minutes, an officer or officers whose duty it shall be  to  prepare  and
  submit  to each director present at a regular meeting of the board or to
  each member of an executive committee of not less than five  members  of
  such  board  present  at  a regular meeting of such committee, a written
  report containing such information and meeting such requirements as  are
  required  in  the  case  of reports submitted to the trustees of savings
  banks pursuant to section two hundred fifty-two of this chapter and such
  regulations  as  the  superintendent  may   promulgate   thereunder   or
  hereunder.  A  copy  of  such  report,  verified by the affidavit of the
  officer or officers charged with the duty of  preparing  and  submitting
  such  report,  together  with  a  list  of the directors present at such
  meeting, shall be filed  with  the  records  of  the  savings  and  loan
  association  within one day after such meeting, and shall be presumptive
  evidence  of  the  matters  therein  stated.  The   superintendent,   by
  regulation,  may require the preparation and submission of such a report
  to directors at dates other than those required herein.