# N.Y. BNK Law § 234-A: Settlement, modification or readjustment of investment

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-A

## Section

- **Citation:** N.Y. BNK Law § 234-A
- **Heading:** Settlement, modification or readjustment of investment
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act BNK / Article 6 / Section 234-A

## Text

§ 234-a. Settlement, modification or readjustment of investment. A\nsavings bank may consent to any settlement, modification or readjustment\nof any investment in securities legally made by such savings bank, and\nmay accept and hold stocks, bonds, notes, securities or other property,\nreal or personal, offered in full or partial settlement, modification or\nreadjustment of any such investment. The superintendent may, in his\ndiscretion, require any savings bank to dispose of any investment\nacquired by it pursuant to this section.\n

## Nearby sections

- [N.Y. BNK Law § 229 Application](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S229.md)
- [N.Y. BNK Law § 230 Incorporation; organization certificate](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S230.md)
- [N.Y. BNK Law § 232 Organization certificate to be submitted to superintendent; proof of publication and service of notice of intention](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S232.md)
- [N.Y. BNK Law § 233 When corporate existence begins; conditions precedent to commencing business](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S233.md)
- [N.Y. BNK Law § 234 General powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234.md)
- [N.Y. BNK Law § 234-A Settlement, modification or readjustment of investment](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-A.md)
- [N.Y. BNK Law § 234-B Trust powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-B.md)
- [N.Y. BNK Law § 235 Investment of funds](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235.md)
- [N.Y. BNK Law § 235-B Effect of usury](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235-B.md)
- [N.Y. BNK Law § 235-C Regulation of certain charges](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235-C.md)
- [N.Y. BNK Law § 235-D Service corporations owned by savings banks; authorized activities of such corporations; investment therein](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235-D.md)
- [N.Y. BNK Law § 236 Deposits by savings banks with other banking corporations and private bankers; restrictions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S236.md)
- [N.Y. BNK Law § 237 Deposits with savings banks; restrictions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S237.md)
- [N.Y. BNK Law § 238 Regulations and restrictions as to repayment of deposits](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S238.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-A. Check the current official text before relying on it. Not legal advice.