Title 3 Banking - Chapter I General Regulations of the Superintendent - Part 89 Alternative Investments in Debt and Equity Securities by Savings Banks and Savings and Loan Associations - s 89.5 Investment committee.


Published: 2021-01-15

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No thrift institution shall make any investment, pursuant to the provisions of section 235.30 or 379.5 of the Banking Law and the provisions of this Part, without the prior establishment of a securities investment committee of its board of trustees or directors, a majority of the members of which committee shall not be officers or employees of the thrift institution.