Sec. 71.1. Definitions

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As defined in this Part, the term savings institution means a savings bank or savings and loan association; and the term subordinated debt security means any unsecured note, bond, debenture, or other obligation or security issued pursuant to section 234(5-b) or 382-b(2) of the Banking Law, but shall not mean any note, bond, debenture, or other obligation or security subordinated to the claims of depositors issued to the Federal Deposit Insurance Corporation of the Federal Savings and Loan Insurance Corporation.

                    
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