Section 378-C. Excelsior linked deposit program

Latest version.

A  savings  and  loan
  association may accept  moneys  deposited  by  the  comptroller  or  the
  commissioner  of  taxation  and  finance  as linked deposits pursuant to
  article fifteen of the state finance  law  and  enter  into  agreements,
  pledge assets or furnish other security, satisfactory in form and amount
  to such authorized depositor, for the repayment of such moneys.

                    
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