NY Banking L § 660 (2021)
2021 New York Laws BNK - Banking Article 13-D - Misconduct Relating to Banking Organizations 660 - Misconduct of Officers, Directors, Trustees, or Employees of Banking Corporations and of Private Bankers.

§ 660.  Misconduct  of  officers, directors, trustees, or employees of   banking  corporations  and  of  private  bankers.  A   director   of   a   corporation,  organized  under  the  laws  of this state, having banking   powers, who concurs in  any  vote  or  act  of  the  directors  of  such   corporation,  or  any of them, by which it is intended to make a loan or   discount to any director of such corporation, or upon paper  upon  which   any  such  director  is liable or responsible to an amount exceeding the   amount allowed  by  statute;  or,  any  director,  trustee,  officer  or   employee  of  any corporation to which the banking law is applicable who   makes or maintains, or attempts to make or maintain, a deposit  of  such   corporation's funds with any other corporation on condition, or with the   understanding,  express  or implied, that the corporation receiving such   deposit make a loan or advance, directly or indirectly, to any director,   trustee, officer or employee of the corporation so making or maintaining   or attempting to  make  or  maintain  such  deposit;  or  any  director,   trustee, officer, or employee of any banking corporation organized under   the laws of another state which is doing business in New York, who makes   or  maintains,  or  attempts  to  make  or  maintain,  a deposit of such   corporation's funds with any banking organization or  any  branch  of  a   foreign banking corporation licensed under article five of this chapter,   on  condition,  or  with the understanding, express or implied, that the   banking organization or branch receiving such deposit  make  a  loan  or   advance,  directly  or  indirectly, to any director, trustee, officer or   employee of  such  banking  corporation  so  making  or  maintaining  or   attempting  to  make or maintain such deposit; or any director, trustee,   officer, or employee of any banking organization or any branch or agency   of a foreign banking corporation licensed under  article  five  of  this   chapter  who  receives,  or attempts to receive, a deposit of funds from   any other banking organization, or  any  national  banking  association,   federal savings and loan association, federal credit union, or a banking   corporation  organized  under  the  laws of another state or country, on   condition, or with the understanding,  express  or  implied,  that  such   banking  organization  or  foreign  banking  corporation  licensed under   article five of this chapter receiving, or attempting to  receive,  such   deposit make a loan or advance, directly or indirectly, to any director,   trustee,  officer  or  employee  of  the  banking organization, national   banking association,  federal  savings  and  loan  association,  federal   credit  union or banking corporation organized under the laws of another   state or country, so making or attempting to make, such deposit; or, any   officer or employee of any corporation  to  which  the  banking  law  is   applicable  who intentionally conceals from the directors or trustees of   such corporation any discounts or loans made by it between  the  regular   meetings  of  its board of directors or trustees, or the purchase of any   securities or the sale of any of its securities during the same  period,   or  knowingly fails to report to its board of directors or trustees when   required to do so by law, all discounts or loans  made  by  it  and  all   securities  purchased  or sold by it between the regular meetings of its   board of directors or trustees; or any director, officer or employee  of   a  bank or trust company, or a private banker or his employee, who makes   any agreement express or implied, before or at the  time  of  issuing  a   certificate  of  deposit,  by  which  its  holder  may demand or receive   payment thereof in advance of its maturity, is guilty of a  misdemeanor.   Nothing  in  this section shall render any loan made by the directors of   any such corporation, in violation thereof, invalid.