There is a newer version
of
the New York Laws
2017 New York Laws
BNK - Banking
Article 10 - Savings and Loan Associations
380-A - Power to Purchase Mortgage, Loan or Investment.
Universal Citation: NY Banking L § 380-A (2017)
380-a. Power to purchase mortgage, loan or investment. Subject to such regulations and restrictions as the superintendent of financial services may prescribe therefor, an association may acquire by purchase any mortgage, loan or invetsment which by the provisions of this article it is authorized to make and hold.
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