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

§ 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.