3 CRR-NY 11.7NY-CRR
3 CRR-NY 11.7
3 CRR-NY 11.7
11.7 Knowledge of proposed insider transaction.
Any insider, having knowledge of an insider transaction between the bank and:
(a) that insider;
(b) another insider;
(c) a person related to that insider or such other insider; or
(d) any other person where the transaction inures to the tangible economic benefit of that insider or such other insider, or a person related to that insider;
which is subject to approval and disclosure under section 11.3 of this Part, shall give timely notice of such transaction to the bank's board or directors or trustees.
3 CRR-NY 11.7
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.