3 CRR-NY 11.6NY-CRR
3 CRR-NY 11.6
3 CRR-NY 11.6
11.6 Discovery of insider relationship.
If a bank becomes aware of the existence of an insider relationship after entering into a transaction for which approval would have been required under section 11.3 of this Part, the bank shall promptly report such transaction to the superintendent at the address of the department set forth in section 1.1 of Supervisory Policy G 1 of this Title, except that no such report need be made by a New York bank other than a credit union if the amount involved is less than $5,000 or by a credit union if the amount involved is less than $4,000.
3 CRR-NY 11.6
Current through January 31, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.