N.Y. Banking Law Section 661
Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit


An officer or agent of any banking corporation, or a private banker or his agent, who makes or delivers any guaranty or indorsement on behalf of such corporation or private banker, whereby such corporation or private banker may become liable on any of its or his discounted notes, bills or obligations, in a sum beyond the amount of loans and discounts which such corporation or private banker may legally make, is guilty of a misdemeanor.

Source: Section 661 — Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit, https://www.­nysenate.­gov/legislation/laws/BNK/661 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 661’s source at nysenate​.gov

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