New York Banking Law Article 12-A - MUTUAL TRUST INVESTMENT COMPANIES

• 550 - Incorporation; Organization Certificate.
  When authorized by the superintendent as provided in article two of this chapter, five or more persons may form a corporation to be known as...
• 551 - Investment Powers.
  A mutual trust investment company may invest in such investments as the company may select in its discretion. The amount of stock of any corporation...
• 552 - Accountability.
  A mutual trust investment company shall not be responsible for ascertaining the investment powers of any fiduciary who may purchase its stocks or shares and...
• 553 - Investment by Fiduciaries in Shares.
  Unless the instrument or the order, decree or judgment under which moneys are held in a fiduciary capacity prohibits such investment, an eligible fiduciary or...

Last modified: February 3, 2019