New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter IV. Miscellaneous Rules |
Part 150. Service Award Programs for Volunteer Ambulance Workers |
Sec. 150.15. Acknowledgment
Latest version.
- Each administrative service agency or financial organization selected to provide services in connection with service award programs shall contractually agree to discharge its duties as a fiduciary to the participants in service award programs. In addition, when a financial organization is selected to perform duties in connection with investment matters, it shall contractually agree to discharge its duties as fiduciary in accordance with the prudent expert standard of care.