N.Y. Comp. Codes R. & Regs. Tit. 3 § 50.60 - Action of board of directors
The board of directors of the mutual trust investment company, in its discretion, may direct by resolution the termination of the corporation. A copy of such resolution, certified by the secretary of the mutual trust investment company, shall be transmitted to the superintendent within two bank business days after it adoption.
Notes
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