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

§ 512. Communications from department of financial services must be

submitted to directors and noted in minutes. Every official

communication as defined in article two of this chapter directed to an

investment company or to any officer thereof shall be submitted, by the

officer receiving it, to the board of directors at the next meeting of

such board, and duly noted in the minutes of the meetings of such board.