3 CRR-NY 89.6NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
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
3 CRR-NY 89.6
3 CRR-NY 89.6
89.6 No presumption of prudence created.
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.
3 CRR-NY 89.6
Current through January 31, 2023
End of Document