New York § 551 - 551Investment powers
Full text of New York New York Consolidated Laws § 551 — 551Investment powers, with citation guidance and answers to common questions.
§ 551. 551Investment powers
§ 551. Investment powers. A mutual trust investment company may invest in such investments as the company may select in its discretion. The amount of stock of any corporation which may be held by any mutual trust investment company shall not exceed five per centum of the number of shares of stock of such corporation outstanding at the time of investment by such mutual trust investment company.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 551
What does New York Consolidated Laws § 551 cover?
Section 551 ("551Investment powers") 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 § 551?
A common citation format is "New York Consolidated Laws § 551" (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 § 551 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.