Legislation
SECTION 378-C
Excelsior linked deposit program
Banking (BNK) CHAPTER 2, ARTICLE 10
§ 378-c. Excelsior linked deposit program. A savings and loan
association may accept moneys deposited by the comptroller or the
commissioner of taxation and finance as linked deposits pursuant to
article fifteen of the state finance law and enter into agreements,
pledge assets or furnish other security, satisfactory in form and amount
to such authorized depositor, for the repayment of such moneys.
association may accept moneys deposited by the comptroller or the
commissioner of taxation and finance as linked deposits pursuant to
article fifteen of the state finance law and enter into agreements,
pledge assets or furnish other security, satisfactory in form and amount
to such authorized depositor, for the repayment of such moneys.