Title BNK, Banking

§ 180. Prohibitions against encroachment upon certain powers of\nprivate bankers, savings banks and savings and loan associations. Except\nas authorized by this chapter, no individual, either for himself or as\ntrustee, and no partnership or unincorporated association shall:\n (…

§ 181. Exemptions of certain private bankers. 1. Every individual and\npartnership conducting the business of a private banker on June\nthirtieth, nineteen hundred thirty-eight, pursuant to an authorization\ncertificate issued by the superintendent may thereafter continue to\nco…

§ 19. Assessments for deficiency in reserves against deposits. If any\nbanking organization or branch of a foreign banking corporation shall\nnot maintain the total reserves prescribed by or pursuant to this\nchapter, the superintendent may levy an assessment upon it for such\np…

§ 190. Application of article; definition. This article shall apply to\nbanks, trust companies, savings banks, savings and loan associations and\nforeign banking corporations licensed, pursuant to section twenty-six of\nthis chapter, to maintain a branch in the state, as those t…

§ 191. Public accommodation offices authorized. A banking institution\nmay apply for the approval of the superintendent to establish, maintain\nand operate not more than one public accommodation office as an adjunct\nto its principal office, and not more than one public accommod…

§ 192. Location of public accommodation office. 1. Each public\naccommodation office established pursuant to this article shall be\nlocated in the same city, town or village in which the banking\ninstitution maintains the office of which such public accommodation\noffice is an a…

§ 193. Limitation upon business which may be transacted at public\naccommodation office. No business other than that actually and\nnecessarily involved in connection with the performance of one or more\nof the functions enumerated in this section shall be transacted at any\npubl…

§ 194. Public accommodation office not deemed branch office. A public\naccommodation office shall not be deemed a branch office as that term is\nused in this chapter and shall not be subject to any other provision of\nthis chapter specifically relating to the establishment of br…

§ 195. Rules, regulations and orders. The superintendent shall have\npower to adopt, amend and enforce such rules, regulations and orders as\nthe superintendent may deem necessary to enable the superintendent to\nadminister and carry out the provisions of this article and to pre…

§ 2. Definitions. 1. Bank. The term, "bank," when used in this\nchapter, unless a different meaning appears from the context, means any\ncorporation, other than a trust company, organized under or subject to\nthe provisions of article three of this chapter.\n 2. Trust company. T…

§ 2-a. Limited liability investment company; definitions. When the\nprovisions of this chapter are applied to the formation and operation of\na limited liability investment company references to:\n 1. "Board of directors" shall include the managers charged with the\nmanagement o…

§ 2-b. Limited liability trust companies; definitions. When the\nprovisions of this chapter are applied to the formation and operation of\na limited liability trust company references to:\n 1. "Board of directors" shall include the managers charged with the\nmanagement of a limi…

§ 20. Assessments, penalties and forfeitures entitled to priority. In\ncase of the insolvency or voluntary or involuntary liquidation of any\nperson or entity licensed, registered, or incorporated or otherwise\nformed pursuant to this chapter, all unpaid charges lawfully assesse…

§ 200. When foreign banking corporation may transact business in this\nstate. No foreign banking corporation, other than a bank organized under\nthe laws of the United States, shall transact in this state the business\nof buying, selling, paying or collecting bills of exchange, …

§ 200-a. Actions maintained by a foreign banking corporation.\n In maintaining an action or special proceeding in this state, a\nforeign banking corporation shall maintain such action or proceeding in\nlike manner and subject to the same limitations as are applicable in the\ncase…

§ 200-b. Actions maintained against foreign banking corporation;\n residents; foreign corporations, foreign banking corporations\n as non-residents.\n 1. An action or special proceeding against a foreign banking\ncorporation may be maintained by a resident of this state for any c…

§ 200-c. Maintenance of books, accounts and records. Every foreign\nbanking corporation licensed pursuant to this chapter to maintain one or\nmore branches, agencies or representative offices in this state shall\nmaintain or make available at any such branch, agency or represent…

§ 2001. General corporate powers. 1. Every corporation shall have, in\naddition to all other powers granted by this chapter or any other\nstatute of this state, the following powers:\n (a) To sue and be sued in all courts and to participate in actions and\nproceedings, whether j…

§ 201. Conditions to be complied with by foreign banking corporations\napplying for initial license. Every foreign banking corporation before\nbeing licensed by the superintendent to transact in this state the\nbusiness of buying, selling, paying or collecting bills of exchange,…

§ 201-a. Rights and privileges of foreign banking corporation under\nlicense; effect of revocation. 1. When the superintendent shall have\nissued a license as provided in section twenty-six of this chapter to\nany such foreign banking corporation, it may engage in the business\n…

§ 201-b. Fiduciary powers of foreign banking corporations. Every\nforeign banking corporation licensed pursuant to article two of this\nchapter to maintain one or more branches or agencies in this state, and\nholding an authorization certificate issued pursuant to this section\n…

§ 201-c. Notice of acquisition of control or merger. 1. A foreign\nbanking corporation licensed pursuant to article two of this chapter to\nmaintain a branch or agency in this state shall file with the\nsuperintendent a notice, in such form and containing such information as\nth…

§ 202. Rates of interest; installment obligations; personal loan\ndepartments; effect of usury. Branches and agencies of foreign banking\ncorporations licensed to do business in this state may make loans and\noffer extensions of credit to the same extent and subject to the same\…

§ 202-a. Restrictions on receiving deposits. 1. A foreign banking\ncorporation licensed pursuant to article two of this chapter to maintain\none or more agencies in this state shall not engage in the business of\nreceiving deposits in this state; provided (a) that such foreign b…

§ 202-b. Maintenance of assets in this state. * 1. Upon opening a\nbranch or agency and thereafter, a foreign banking corporation licensed\npursuant to article two of this chapter shall keep on deposit, in\naccordance with such rules and regulations as the superintendent shall\n…

§ 202-c. Reserves against deposits. Each such foreign banking\ncorporation which is authorized to maintain a branch or branches in this\nstate shall maintain such reserves against the deposits of such branch\nor branches as may be required from time to time by the laws of this\n…

§ 202-d. Foreign banking corporation may not maintain both agencies\nand branches in this state. No foreign banking corporation licensed to\nmaintain one or more agencies in this state shall be licensed to\nmaintain a branch in this state except upon termination of the operation…

§ 202-f. Restrictions on loans, purchases of securities and total\nliabilities of any one person to New York branch or agency of foreign\nbank. Before opening a branch or agency in this state, and annually\nthereafter so long as a branch or agency is maintained in this state, a\…

§ 202-g. Succession to agency by branch and to branch by agency.\nNotwithstanding any other provision of this chapter, the superintendent\nmay, subject to such regulations as he may adopt, authorize the\nconversion of a foreign banking corporation agency to a branch or the\nconv…

§ 202-h. Repayment of deposits standing in the names of minors,\ntrustees, joint depositors or custodians; interpleader in certain\nactions. 1. Any minor may endorse a check payable to his order for the\npurpose of depositing the proceeds in a deposit in his name with a\nbranch …

§ 202-i. Safe deposit business of branches. Each such foreign banking\ncorporation which is authorized to maintain a branch or branches in this\nstate may (a) receive upon deposit for safe-keeping for hire upon terms\nand conditions to be prescribed by such foreign banking corpo…

§ 202-j. Power to act as trustee under self-employed retirement trust\nor individual retirement trust. Each such foreign banking corporation\nwhich is authorized to maintain a branch or branches in this state the\ndeposits of which are insured by the federal deposit insurance\nc…

§ 203. Change of location, name or business.\n Any foreign corporation licensed pursuant to article two of this\nchapter to engage in business in this state, may make a written\napplication to the superintendent for leave to do one or more of the\nfollowing:\n 1. To change its pl…

§ 204. Reports of foreign banking corporations; penalties. Every\nforeign banking corporation licensed by the superintendent to engage in\nbusiness in this state, shall at such times and in such form as the\nsuperintendent shall prescribe, make written reports to the\nsuperinten…

§ 204-a. Payment of claims by foreign banking corporations where\nadverse claim is asserted; effect of claims or advices originating in,\nand statutes, rules or regulations purporting to be in force in occupied\nterritory; performance of contracts and repayment of deposits\nperf…

§ 206. Termination of existence. When a foreign banking corporation\nlicensed pursuant to article two of this chapter is dissolved or its\nauthority or existence is otherwise terminated or cancelled in the\njurisdiction of its incorporation, a certificate of the superintendent\n…

§ 207. Service of process on unlicensed corporation formed under laws\n other than the statutes of this state.\n 1. Every corporation formed under laws other than the statutes of this\nstate which is required by this chapter to obtain a license from the\nsuperintendent, and which…

§ 208. Nondiscriminatory treatment of insured state banks and national\nbanks. Notwithstanding any other laws of this state, a state bank, which\nis incorporated in another state and whose deposits are insured by\nFederal Deposit Insurance Corporation, shall have the same protec…

§ 209. Restrictions on executive officers of foreign banking\ncorporations and national banks. 1. No executive officer of a foreign\nbanking corporation maintaining a branch in this state may be an\nexecutive officer, director or trustee of a bank or trust company,\nsavings bank…

§ 21. Collection of assessments, penalties and forfeitures;\nproceedings by attorney general. 1. When the superintendent, pursuant to\nthe powers conferred on him or her by this article, shall have duly\nlevied any assessment and shall have given due notification of the\namount …

§ 210. Establishment. 1. There is hereby created a corporation which\nshall be known as the "New York Business Development Corporation".\nProcess in any action or proceeding against such corporation may be\nserved upon the secretary of state, as agent of such corporation for\nsu…

§ 211. Economic regions. For the purposes of this article, the state\nis hereby divided into twelve economic regions, as follows:\n 1. Binghamton region. The counties of Broome, Chenango, Delaware and\nOtsego.\n 2. Capital district-Champlain region. The counties of Clinton, Esse…

§ 212. Purposes, powers and operation. 1. (a) The purposes of such\ncorporation shall be to assist, promote, encourage and, through the\ncooperative efforts of the institutions and corporations which shall,\nfrom time to time, become members thereof, develop and advance the\nbus…

§ 213. Board of directors. 1. All the corporate powers of such\ncorporation shall be exercised by a board of directors consisting of a\nmaximum of thirty persons, all of whom shall be of full age, residents\nof the state and at least one-half of whom shall be citizens of the\nUn…

§ 214. Committees. 1. There shall be a loan committee of such\ncorporation for each of the twelve economic regions as defined in\nsection two hundred eleven of this chapter or such other regions as the\nboard of directors shall designate for this purpose. Each such\ncommittee sh…

§ 215. Membership. 1. The members of such corporation shall include\nsuch banking organizations, insurance and surety companies as may make\napplication for membership in such corporation, and membership shall\nbecome effective upon the acceptance of such applications by the boa…

§ 216. Capital stock. The capital stock of such corporation shall be\nfive hundred thousand shares of common and preferred stock, in such\namounts as shall be established in the by-laws by the board of\ndirectors, with the preferred stock having such relative rights,\npreference…

§ 217. Surplus, obligations and depositories. 1. Such corporation\nshall set apart as an earned surplus all of its net earnings in each and\nevery year until such earned surplus shall equal the total of the\npaid-in capital and paid-in surplus then outstanding. Said earned\nsurp…

§ 218. Supervision and reports. Such corporation shall be subject to\nthe supervision, examination and control of the superintendent of\nfinancial services in the same manner as banking organizations are so\nsupervised, examined and controlled by him pursuant to this chapter, an…

§ 219. Unissued securities and reorganization. 1. The holders of\ncapital stock of such corporation shall not, as such, have any\npreemptive or preferential right to purchase or subscribe for any part\nof the unissued or new issue of capital stock of such corporation,\nwhether n…