New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 89. Alternative Investments in Debt and Equity Securities by Savings Banks and Savings and Loan Associations |
Sec. 89.6. No presumption of prudence created
Latest version.
- The fact that an investment is not prohibited by this Part shall not (a) create any presumption as to the prudence of such investment, or (b) constitute any evidence as to the Banking Department's position regarding the prudence of such investment.