N.Y. Comp. Codes R. & Regs. Tit. 3 § 22.21 - Effect of mistakes
No mistake made in good faith and despite the exercise of due care in connection with the administration of a common trust fund shall be deemed to be a violation of this Part if after the discovery of the mistake the trust company takes promptly whatever action may be practicable in the circumstances to remedy the mistake.
Notes
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