N.Y. Comp. Codes R. & Regs. tit. 3 § 22.11

Current through Register Vol. 46, No. 51, December 18, 2024

Section 22.11 - Direction of banking board

The Banking Board, upon recommendation of the superintendent, may direct by a three-fifths vote of all its members that:

(a) a trust company file on account of proceedings covering a period less than 10 years, in accordance with subsection 100-c(6) of the Banking Law;

(b) any common trust fund be terminated; or

(c) the audit specified by section 22.17 of this Part be performed by a Certified Public Accountant.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 22.11