New York § 311 - 311Examination
Full text of New York New York Consolidated Laws § 311 — 311Examination, with citation guidance and answers to common questions.
§ 311. 311Examination
§ 311. Examination. At least once in each calendar year the corporation shall be examined by the superintendent of financial services for the purpose of determining the corporation's net worth and the soundness of its management and operating policies. The corporation shall not, however, be deemed to be a banking or insurance organization. The corporation shall pay the cost of each such examination. Copies of each examination report, including the findings, conclusions and recommendations of the examiners, shall be furnished to the corporation. The corporation shall furnish copies of each report, including the findings, conclusions and recommendations of the examiners, to each of the holders of its capital stock and to its members. Such corporation shall make an annual report of its condition to the governor, legislature and superintendent of financial services on or before January first of each year.
Frequently Asked Questions About New York § 311
What does New York Consolidated Laws § 311 cover?
Section 311 ("311Examination") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 311?
A common citation format is "New York Consolidated Laws § 311" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 311 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.