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2016 New York Laws
BNK - Banking
Article 12-A - (Banking) MUTUAL TRUST INVESTMENT COMPANIES
551 - Investment powers.

NY Banking L § 551 (2016) What's This?
 551. Investment powers. A mutual trust investment company may invest
  in such investments as the company may select in its discretion.

The amount of stock of any corporation which may be held by any mutual
  trust  investment company shall not exceed five per centum of the number
  of shares of stock of  such  corporation  outstanding  at  the  time  of
  investment by such mutual trust investment company.

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