New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 31. Investments of Banks or Trust Companies in Certain Corporations |
Sec. 31.3. Distributions by Small Business Investment Company of New York, Inc. of stock held in its portfolio
Latest version.
- Banks and trust companies holding stock in Small Business Investment Company of New York, Inc. are authorized to hold stock, received from Small Business Investment Company of New York, Inc. as a distribution from its portfolio, for a period not exceeding two years from the date of receipt of any such portfolio stock.