3 CRR-NY 69.1NY-CRR
3 CRR-NY 69.1
3 CRR-NY 69.1
69.1 Transfers to surplus funds of savings banks.
If, at the close of any accounting period, the net worth of any savings bank is less than 10 per centum of the amount due to depositors, 10 per centum of its net earnings for such period shall be credited to its surplus fund, or so much thereof less than 10 per centum as will make such net worth equal to 10 per centum of the amount due to depositors.
3 CRR-NY 69.1
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.