§ 177. Official communications from superintendent. Every official communication, as defined in article two of this chapter, directed to any private banker, shall, if such private banker is a partnership, be submitted by the person receiving it to the members thereof present at their next meeting and duly noted on the records of such private banker.

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Terms Used In N.Y. Banking Law 177

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.