460.25 - Enterprise corruption; limitations.

§ 460.25 Enterprise corruption; limitations.    1.  For purposes of subdivision one of section 460.20 of this article,  a person does not acquire or maintain an interest in  an  enterprise  by  participating in a pattern of criminal activity when he invests proceeds  derived from a pattern of criminal activity in such enterprise.    2.  For purposes of subdivision one of section 460.20 of this article,  it shall not be unlawful to:    (a) purchase securities on the open market  with  intent  to  make  an  investment,  and  without  the intent of controlling or participating in  the control of the issuer, or of assisting another  to  do  so,  if  the  securities  of  the  issuer  held  by  the purchaser, the members of his  immediate family, and  his  or  their  accomplices  in  any  pattern  of  criminal  activity do not amount in the aggregate to five percent of the  outstanding securities of any one class and do not confer, either in the  law or in fact, the power to elect one or more directors of the issuer;    (b) make a deposit in an account maintained  in  a  savings  and  loan  association,  or a deposit in any other such financial institution, that  creates an ownership interest in that association or institution;    (c) purchase shares in co-operatively owned residential or  commercial  property;    (d)  purchase  non-voting shares in a limited partnership, with intent  to make  an  investment,  and  without  the  intent  of  controlling  or  participating in the control of the partnership.