New York § 4121 - 4121Security may be required from banking officers and employees
Full text of New York New York Consolidated Laws § 4121 — 4121Security may be required from banking officers and employees, with citation guidance and answers to common questions.
§ 4121. 4121Security may be required from banking officers and employees
§ 4121. Security may be required from banking officers and employees. (a) The board of directors or trustees of each bank, trust company, savings bank or savings and loan associations in this state, may require from each officer and employee thereof an individual fidelity bond in favor of the institution in an amount and form approved by such board of directors or trustees. (b) Such bond shall be accepted only from a corporation authorized to issue fidelity bonds and doing business in this state under the authority of the department. (c) The premium for such bond may be paid as a necessary expense of any such banking institution.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 4121
What does New York Consolidated Laws § 4121 cover?
Section 4121 ("4121Security may be required from banking officers and employees") 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 § 4121?
A common citation format is "New York Consolidated Laws § 4121" (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 § 4121 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.