Laws of New York (Last Updated: November 21, 2014)

Section 124. Communications from banking department to be submitted to directors and noted in minutes

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Any officer of a bank or  trust  company  who   receives  from  the  office  of  the  superintendent  an  official
  communication as defined in article two of  this  chapter  shall  submit
  such communication to the board of directors at the next meeting of such
  board,  and such communication shall be duly noted in the minutes of the
  meetings of such board.

                    
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