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  4. Art. 12

Article 12
No title

Sections

507
Limited liability investment companies
508
General powers
509
Restrictions on powers of investment companies
510
Restrictions as to entries in books
511
Change of location
512
Communications from department of financial services must be submitted to directors and noted in minutes
513
Reports to superintendent
514
Liability of investment company for assessments by superintendent
515
Preservation of records of investment company
516
Restrictions on officers, directors and other employees
517
How net earnings credited for dividend purposes, credits to surplus fund and to undivided profits, dividends to stockholders
518
Payment of claims by investment companies where adverse claim is asserted
519
Acquisition of control of investment companies
520
Savings clause
 



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Location: https://newyork.public.law/laws/n.y._banking_law_article_12

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

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