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N.Y. Banking Law § 180 Prohibitions against encroachment upon certain powers of private bankers, savings banks and savings and loan associations
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§ 180. Prohibitions against encroachment upon certain powers of private bankers, savings banks and savings and loan associations. Except as authorized by this chapter, no individual, either for himself or as trustee, and no partnership or unincorporated association shall: (1) En…
N.Y. Banking Law § 181 Exemptions of certain private bankers
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§ 181. Exemptions of certain private bankers. 1. Every individual and partnership conducting the business of a private banker on June thirtieth, nineteen hundred thirty-eight, pursuant to an authorization certificate issued by the superintendent may thereafter continue to conduc…
N.Y. Banking Law § 19 Assessments for deficiency in reserves against deposits
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§ 19. Assessments for deficiency in reserves against deposits. If any banking organization or branch of a foreign banking corporation shall not maintain the total reserves prescribed by or pursuant to this chapter, the superintendent may levy an assessment upon it for such perio…
N.Y. Banking Law § 190 Application of article; definition
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§ 190. Application of article; definition. This article shall apply to banks, trust companies, savings banks, savings and loan associations and foreign banking corporations licensed, pursuant to section twenty-six of this chapter, to maintain a branch in the state, as those term…
N.Y. Banking Law § 191 Public accommodation offices authorized
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§ 191. Public accommodation offices authorized. A banking institution may apply for the approval of the superintendent to establish, maintain and operate not more than one public accommodation office as an adjunct to its principal office, and not more than one public accommodati…
N.Y. Banking Law § 192 Location of public accommodation office
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§ 192. Location of public accommodation office. 1. Each public accommodation office established pursuant to this article shall be located in the same city, town or village in which the banking institution maintains the office of which such public accommodation office is an adjun…
N.Y. Banking Law § 193 Limitation upon business which may be transacted at public accommodation office
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§ 193. Limitation upon business which may be transacted at public accommodation office. No business other than that actually and necessarily involved in connection with the performance of one or more of the functions enumerated in this section shall be transacted at any public a…
N.Y. Banking Law § 194 Public accommodation office not deemed branch office
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§ 194. Public accommodation office not deemed branch office. A public accommodation office shall not be deemed a branch office as that term is used in this chapter and shall not be subject to any other provision of this chapter specifically relating to the establishment of branc…
N.Y. Banking Law § 195 Rules, regulations and orders
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§ 195. Rules, regulations and orders. The superintendent shall have power to adopt, amend and enforce such rules, regulations and orders as the superintendent may deem necessary to enable the superintendent to administer and carry out the provisions of this article and to preven…
N.Y. Banking Law § 2 Definitions
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§ 2. Definitions. 1. Bank. The term, "bank," when used in this chapter, unless a different meaning appears from the context, means any corporation, other than a trust company, organized under or subject to the provisions of article three of this chapter. 2. Trust company. The te…
N.Y. Banking Law § 2-A Limited liability investment company; definitions
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§ 2-a. Limited liability investment company; definitions. When the provisions of this chapter are applied to the formation and operation of a limited liability investment company references to: 1. "Board of directors" shall include the managers charged with the management of a l…
N.Y. Banking Law § 2-B Limited liability trust companies; definitions
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§ 2-b. Limited liability trust companies; definitions. When the provisions of this chapter are applied to the formation and operation of a limited liability trust company references to: 1. "Board of directors" shall include the managers charged with the management of a limited l…
N.Y. Banking Law § 20 Assessments, penalties and forfeitures entitled to priority
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§ 20. Assessments, penalties and forfeitures entitled to priority. In case of the insolvency or voluntary or involuntary liquidation of any person or entity licensed, registered, or incorporated or otherwise formed pursuant to this chapter, all unpaid charges lawfully assessed a…
N.Y. Banking Law § 200 When foreign banking corporation may transact business in this state
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§ 200. When foreign banking corporation may transact business in this state. No foreign banking corporation, other than a bank organized under the laws of the United States, shall transact in this state the business of buying, selling, paying or collecting bills of exchange, or …
N.Y. Banking Law § 200-A Actions maintained by a foreign banking corporation
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§ 200-a. Actions maintained by a foreign banking corporation. In maintaining an action or special proceeding in this state, a foreign banking corporation shall maintain such action or proceeding in like manner and subject to the same limitations as are applicable in the case of a…
N.Y. Banking Law § 200-B Actions maintained against foreign banking corporation; residents; foreign corporations, foreign banking corporations as non-residents
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§ 200-b. Actions maintained against foreign banking corporation; residents; foreign corporations, foreign banking corporations as non-residents. 1. An action or special proceeding against a foreign banking corporation may be maintained by a resident of this state for any cause of…
N.Y. Banking Law § 200-C Maintenance of books, accounts and records
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§ 200-c. Maintenance of books, accounts and records. Every foreign banking corporation licensed pursuant to this chapter to maintain one or more branches, agencies or representative offices in this state shall maintain or make available at any such branch, agency or representati…
N.Y. Banking Law § 2001 General corporate powers
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§ 2001. General corporate powers. 1. Every corporation shall have, in addition to all other powers granted by this chapter or any other statute of this state, the following powers: (a) To sue and be sued in all courts and to participate in actions and proceedings, whether judici…
N.Y. Banking Law § 201 Conditions to be complied with by foreign banking corporations applying for initial license
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§ 201. Conditions to be complied with by foreign banking corporations applying for initial license. Every foreign banking corporation before being licensed by the superintendent to transact in this state the business of buying, selling, paying or collecting bills of exchange, or…
N.Y. Banking Law § 201-A Rights and privileges of foreign banking corporation under license; effect of revocation
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§ 201-a. Rights and privileges of foreign banking corporation under license; effect of revocation. 1. When the superintendent shall have issued a license as provided in section twenty-six of this chapter to any such foreign banking corporation, it may engage in the business spec…
N.Y. Banking Law § 201-B Fiduciary powers of foreign banking corporations
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§ 201-b. Fiduciary powers of foreign banking corporations. Every foreign banking corporation licensed pursuant to article two of this chapter to maintain one or more branches or agencies in this state, and holding an authorization certificate issued pursuant to this section may,…
N.Y. Banking Law § 201-C Notice of acquisition of control or merger
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§ 201-c. Notice of acquisition of control or merger. 1. A foreign banking corporation licensed pursuant to article two of this chapter to maintain a branch or agency in this state shall file with the superintendent a notice, in such form and containing such information as the su…
N.Y. Banking Law § 202 Rates of interest; installment obligations; personal loan departments; effect of usury
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§ 202. Rates of interest; installment obligations; personal loan departments; effect of usury. Branches and agencies of foreign banking corporations licensed to do business in this state may make loans and offer extensions of credit to the same extent and subject to the same con…
N.Y. Banking Law § 202-A Restrictions on receiving deposits
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§ 202-a. Restrictions on receiving deposits. 1. A foreign banking corporation licensed pursuant to article two of this chapter to maintain one or more agencies in this state shall not engage in the business of receiving deposits in this state; provided (a) that such foreign bank…
N.Y. Banking Law § 202-B Maintenance of assets in this state
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§ 202-b. Maintenance of assets in this state. * 1. Upon opening a branch or agency and thereafter, a foreign banking corporation licensed pursuant to article two of this chapter shall keep on deposit, in accordance with such rules and regulations as the superintendent shall adop…
N.Y. Banking Law § 202-C Reserves against deposits
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§ 202-c. Reserves against deposits. Each such foreign banking corporation which is authorized to maintain a branch or branches in this state shall maintain such reserves against the deposits of such branch or branches as may be required from time to time by the laws of this stat…
N.Y. Banking Law § 202-D Foreign banking corporation may not maintain both agencies and branches in this state
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§ 202-d. Foreign banking corporation may not maintain both agencies and branches in this state. No foreign banking corporation licensed to maintain one or more agencies in this state shall be licensed to maintain a branch in this state except upon termination of the operation of…
N.Y. Banking Law § 202-F Restrictions on loans, purchases of securities and total liabilities of any one person to New York branch or agency of foreign bank
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§ 202-f. Restrictions on loans, purchases of securities and total liabilities of any one person to New York branch or agency of foreign bank. Before opening a branch or agency in this state, and annually thereafter so long as a branch or agency is maintained in this state, a for…
N.Y. Banking Law § 202-G Succession to agency by branch and to branch by agency
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§ 202-g. Succession to agency by branch and to branch by agency. Notwithstanding any other provision of this chapter, the superintendent may, subject to such regulations as he may adopt, authorize the conversion of a foreign banking corporation agency to a branch or the conversi…
N.Y. Banking Law § 202-H Repayment of deposits standing in the names of minors, trustees, joint depositors or custodians; interpleader in certain actions
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§ 202-h. Repayment of deposits standing in the names of minors, trustees, joint depositors or custodians; interpleader in certain actions. 1. Any minor may endorse a check payable to his order for the purpose of depositing the proceeds in a deposit in his name with a branch in t…
N.Y. Banking Law § 202-I Safe deposit business of branches
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§ 202-i. Safe deposit business of branches. Each such foreign banking corporation which is authorized to maintain a branch or branches in this state may (a) receive upon deposit for safe-keeping for hire upon terms and conditions to be prescribed by such foreign banking corporat…
N.Y. Banking Law § 202-J Power to act as trustee under self-employed retirement trust or individual retirement trust
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§ 202-j. Power to act as trustee under self-employed retirement trust or individual retirement trust. Each such foreign banking corporation which is authorized to maintain a branch or branches in this state the deposits of which are insured by the federal deposit insurance corpo…
N.Y. Banking Law § 203 Change of location, name or business
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§ 203. Change of location, name or business. Any foreign corporation licensed pursuant to article two of this chapter to engage in business in this state, may make a written application to the superintendent for leave to do one or more of the following: 1. To change its place of …
N.Y. Banking Law § 204 Reports of foreign banking corporations; penalties
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§ 204. Reports of foreign banking corporations; penalties. Every foreign banking corporation licensed by the superintendent to engage in business in this state, shall at such times and in such form as the superintendent shall prescribe, make written reports to the superintendent…
N.Y. Banking Law § 204-A Payment of claims by foreign banking corporations where adverse claim is asserted; effect of claims or advices originating in, and statut...
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§ 204-a. Payment of claims by foreign banking corporations where adverse claim is asserted; effect of claims or advices originating in, and statutes, rules or regulations purporting to be in force in occupied territory; performance of contracts and repayment of deposits performa…
N.Y. Banking Law § 206 Termination of existence
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§ 206. Termination of existence. When a foreign banking corporation licensed pursuant to article two of this chapter is dissolved or its authority or existence is otherwise terminated or cancelled in the jurisdiction of its incorporation, a certificate of the superintendent of f…
N.Y. Banking Law § 207 Service of process on unlicensed corporation formed under laws other than the statutes of this state
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§ 207. Service of process on unlicensed corporation formed under laws other than the statutes of this state. 1. Every corporation formed under laws other than the statutes of this state which is required by this chapter to obtain a license from the superintendent, and which itsel…
N.Y. Banking Law § 208 Nondiscriminatory treatment of insured state banks and national banks
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§ 208. Nondiscriminatory treatment of insured state banks and national banks. Notwithstanding any other laws of this state, a state bank, which is incorporated in another state and whose deposits are insured by Federal Deposit Insurance Corporation, shall have the same protectio…
N.Y. Banking Law § 209 Restrictions on executive officers of foreign banking corporations and national banks
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§ 209. Restrictions on executive officers of foreign banking corporations and national banks. 1. No executive officer of a foreign banking corporation maintaining a branch in this state may be an executive officer, director or trustee of a bank or trust company, savings bank, sa…
N.Y. Banking Law § 21 Collection of assessments, penalties and forfeitures; proceedings by attorney general
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§ 21. Collection of assessments, penalties and forfeitures; proceedings by attorney general. 1. When the superintendent, pursuant to the powers conferred on him or her by this article, shall have duly levied any assessment and shall have given due notification of the amount ther…
N.Y. Banking Law § 210 Establishment
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§ 210. Establishment. 1. There is hereby created a corporation which shall be known as the "New York Business Development Corporation". Process in any action or proceeding against such corporation may be served upon the secretary of state, as agent of such corporation for such p…
N.Y. Banking Law § 211 Economic regions
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§ 211. Economic regions. For the purposes of this article, the state is hereby divided into twelve economic regions, as follows: 1. Binghamton region. The counties of Broome, Chenango, Delaware and Otsego. 2. Capital district-Champlain region. The counties of Clinton, Essex, Ren…
N.Y. Banking Law § 212 Purposes, powers and operation
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§ 212. Purposes, powers and operation. 1. (a) The purposes of such corporation shall be to assist, promote, encourage and, through the cooperative efforts of the institutions and corporations which shall, from time to time, become members thereof, develop and advance the busines…
N.Y. Banking Law § 213 Board of directors
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§ 213. Board of directors. 1. All the corporate powers of such corporation shall be exercised by a board of directors consisting of a maximum of thirty persons, all of whom shall be of full age, residents of the state and at least one-half of whom shall be citizens of the United…
N.Y. Banking Law § 214 Committees
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§ 214. Committees. 1. There shall be a loan committee of such corporation for each of the twelve economic regions as defined in section two hundred eleven of this chapter or such other regions as the board of directors shall designate for this purpose. Each such committee shall …
N.Y. Banking Law § 215 Membership
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§ 215. Membership. 1. The members of such corporation shall include such banking organizations, insurance and surety companies as may make application for membership in such corporation, and membership shall become effective upon the acceptance of such applications by the board …
N.Y. Banking Law § 216 Capital stock
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§ 216. Capital stock. The capital stock of such corporation shall be five hundred thousand shares of common and preferred stock, in such amounts as shall be established in the by-laws by the board of directors, with the preferred stock having such relative rights, preferences an…
N.Y. Banking Law § 217 Surplus, obligations and depositories
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§ 217. Surplus, obligations and depositories. 1. Such corporation shall set apart as an earned surplus all of its net earnings in each and every year until such earned surplus shall equal the total of the paid-in capital and paid-in surplus then outstanding. Said earned surplus …
N.Y. Banking Law § 218 Supervision and reports
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§ 218. Supervision and reports. Such corporation shall be subject to the supervision, examination and control of the superintendent of financial services in the same manner as banking organizations are so supervised, examined and controlled by him pursuant to this chapter, and s…
N.Y. Banking Law § 219 Unissued securities and reorganization
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§ 219. Unissued securities and reorganization. 1. The holders of capital stock of such corporation shall not, as such, have any preemptive or preferential right to purchase or subscribe for any part of the unissued or new issue of capital stock of such corporation, whether now o…