New York Banking Law Section 234-A - Settlement, modification or readjustment of investment.

 234-a.  Settlement,  modification  or readjustment of investment.  A
  savings bank may consent to any settlement, modification or readjustment
  of any investment in securities legally made by such savings  bank,  and
  may  accept and hold stocks, bonds, notes, securities or other property,
  real or personal, offered in full or partial settlement, modification or
  readjustment of any such investment.   The superintendent  may,  in  his
  discretion,  require  any  savings  bank  to  dispose  of any investment
  acquired by it pursuant to this section.

Last modified: February 3, 2019