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Home » US Law » 2022 New York Laws » Consolidated Laws » BNK - Banking » Article 13-D - 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.