N.Y. Banking Law § 124: Communications from department of financial services to be submitted to directors and noted in minutes

§ 124. Communications from department of financial services to be

submitted to directors and noted in minutes. Any officer of a bank or

trust company who receives from the office of the superintendent an

official communication as defined in article two of this chapter shall

submit such communication to the board of directors at the next meeting

of such board, and such communication shall be duly noted in the minutes

of the meetings of such board.