N.Y. Banking Law Section 512
Communications from department of financial services must be submitted to directors and noted in minutes

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