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. 31.8. Federal Agricultural Mortgage Corporation
Latest version.
- Any bank or trust company is permitted to invest in shares of common stock, of Federal Agricultural Mortgage Corporation, a corporation established under title VII of the Agricultural Credit Act of 1987, in a total amount not to exceed two percent of the investing bank's or trust company's capital stock and surplus.