New York Laws
Article 3-A - Bank Holding Companies; Control of Banking Institutions
143 - Limitations on Directors, Officers and Employees.

(b) The superintendent shall have the power to determine by regulation
who shall be considered, under the provisions of this subdivision, to be
an executive officer, and by regulation to grant permission to an
executive officer of a bank holding company to be at the same time an
executive officer, director or trustee or both an executive officer and
a director or a trustee of another bank holding company or of a bank or
trust company, savings bank, savings and loan association, national bank
located in this state, federal savings and loan association located in
this state or foreign banking corporation maintaining a branch in this
state. Such permission may be granted only if in the judgment of the
superintendent such service by the executive officer will be consistent
with the policy of the state of New York as declared in section ten of
this chapter. The superintendent shall have the power to revoke such
permission whenever the superintendent finds, after a reasonable notice
and an opportunity to be heard, that the public interest requires such
revocation.
(c) For the purposes of this subdivision, the terms "subsidiary",
"banking institution" and "bank holding company" shall each be given the
same meaning as is contained in their respective definition in section
one hundred forty-one of this article, except that the definition of the
term "banking institution" is modified to include national bank, federal
savings bank or federal savings association, the principal office of
which institution is located in this state, and a foreign banking
corporation maintaining a branch in this state.
(d) All other restrictions and limitations imposed by this chapter on
executive officers and directors of bank holding companies shall
continue in effect.