N.Y. Banking Law § 420-F Use of Fund Name Prohibited; Penalties For Violation

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 682

No individual, association, partnership, or corporation shall use the words "state savings and loan insurance fund", or any combination of any of these words which would have the effect of leading the public in general to believe there was any connection, actually not existing, between such individual, association, partnership, or corporation and the fund, as the name under which he or it shall hereafter do business. No individual, association, partnership, or corporation shall advertise or otherwise represent falsely by any device whatsoever that his or its accounts are insured or in anywise guaranteed by the fund, or by the state, or ...