{"data":{"id":"us-ny/n.y.-banking-law-382","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 382","heading":"Power to borrow","body":"§ 382. Power to borrow. Subject to such regulations as the\nsuperintendent of financial services may promulgate, a savings and loan\nassociation may borrow money and pledge its assets as security for the\nrepayment thereof if it has been authorized so to do by the vote of a\nmajority of its board of directors.","path":["Banking Law","Article 10. Savings and Loan Associations"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/382","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"9db1148f0921fb4c6a947c466facac0ec8df9c4078e30114bce12969dd930d6a","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-381","next":"us-ny/n.y.-banking-law-382-a"},"notice":"GroundRules: Original legal text. Not legal advice."}