N.Y. Banking Law 378-E – Water pollution control linked deposit program
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§ 378-e. Water pollution control linked deposit program. A savings and loan association may accept moneys deposited by the New York state environmental facilities corporation as linked deposits pursuant to Article 16 of the state finance law and enter into agreements, pledge assets or furnish other security, satisfactory in form and amount to New York state environmental facilities corporation, for the repayment of such moneys.
Terms Used In N.Y. Banking Law 378-E
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.