§ 664. Unlawful investments by officers of mutual savings banks. Any\nofficer or trustee of a mutual savings bank authorizing or making any\ninvestment of the funds of the bank in securities not authorized by law,\nis guilty of a misdemeanor.\n
Unlawful investments by officers of mutual savings banks
N.Y. Banking Law § 664, under Misconduct Relating to Banking Organizations.
N.Y. Banking Law § 664