ยง 405. Annual report to shareholders; delivery and publication. Every
savings and loan association shall (1) prepare a complete statement of
its financial condition, including a summary of income and expense since
its last previous statement, and publish the same annually, such
publication to be made in the form and manner determined by the
superintendent and in accordance with the requirements of this section,
(2) mail a copy of such financial statement to each shareholder or
depositor on application therefor, and (3) make copies of such financial
statement available to depositors, shareholders and other persons in a
convenient and conspicuous location on the premises of each of its
authorized places of business.
Structure New York Laws
Article 10 - Savings and Loan Associations
375 - Incorporation; Organization Certificate.
377 - When Corporate Existence Begins.
378 - Power to Issue Shares; Dues Thereon.
378-C - Excelsior Linked Deposit Program.
378-D - Preservation of Books and Records.
378-E - Water Pollution Control Linked Deposit Program.
379 - Power to Invest in Securities.
380-A - Power to Purchase Mortgage, Loan or Investment.
380-B - Power to Purchase Mortgages From Mortgage Holders.
380-C - Power to Participate in Certain Loans and Mortgage Investments.
380-F - Power to Make Advances of Federal Funds.
380-G - Power to Engage in Line of Credit Financing of Residential Real Estate.
380-I - Personal Loan Departments.
380-J - Authorization to Acquire and Lease Personal Property.
380-K - Investment in Promissory Notes.
380-L - Excelsior Linked Deposit Program.
380-M - Water Pollution Control Linked Deposit Program.
381 - Power to Take and Hold Real Estate; Restrictions.
382-B - Power to Issue Certain Obligations.
383-A - Rental of Safe Deposit Boxes.
384 - Entries in Books; Restrictions; Amortization of Securities.
386 - Profits; How and When to Be Computed.
387 - Credits to Surplus Account and Undivided Profits; Dividends to Shareholders.
388 - Fines and Penalties for Failure to Make Payments on Instalment Shares.
389 - Matured Shares; Conversion Into Shares of Another Class Upon Notice.
390 - Withdrawal of Unpledged Shares; Provisions for Dividends.
392 - Retirement of Shares; Suspension; Transfer.
393 - Repayment of Mortgage Loans; Application of Pledged Shares.
394 - Joint Shares; Shares of Minors; Shares in Trust.
395 - Alternative Provisions Relative to Payment of Interest to Shareholders.
396 - Change of Location; Change of Designation of Principal Office; Maintenance of Branch Office.
396-A - Electronic Facilities.
396-B - Acceptance of United States Currency.
397 - Number, Qualifications and Disqualifications of Directors; Oath; Quorum; Meeting of Directors.
398 - Filling of Vacancies in Board of Directors; Change in Number of Directors.
398-A - Forfeiture of Office of Director.
398-B - Duties of Directors and Officers.
398-C - Executive Committee and Other Committees.
399 - Restrictions on Directors and Officers.
401 - Official Communications to Be Submitted to Directors and Noted in Minutes.
403 - Examination by Directors.
404 - Reports to the Superintendent; Penalty for Failure to Make.
404-A - Photographic Reproduction of Records.
405 - Annual Report to Shareholders; Delivery and Publication.
412 - Conversion of Federal Savings Institutions to State Charter.