N.Y. Comp. Codes R. & Regs. Tit. 3 § 85.6 - Separate existence of service corporation
Every service corporation shall be operated in a manner which demonstrates to the public that the service corporation has separate corporate existence and is operationally distinct from its parent savings bank or savings and loan association. Every instrument which evidences a borrowing by a service corporation shall specifically indicate whether or not, and to what extent, its parent institution is liable for such borrowing.
Notes
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