ยง 162. Permanent capital; increase or decrease. Every private banker
shall keep unimpaired in his banking business the amount of permanent
capital specified in his verified certificate. From time to time, with
the written approval of the superintendent and upon good cause shown,
such permanent capital may be increased or decreased.
Structure New York Laws
161 - Authorization Certificate.
162 - Permanent Capital; Increase or Decrease.
163 - Restrictions as to Place of Business.
165 - Segregation of Investments; Title to Be Taken in Descriptive Name.
166 - Depositors Preferred in Case of Failure or Suspension.
167 - Reserves Against Deposits.
168 - Restrictions on Acceptance of Deposits and Payment of Interest.
172 - Restrictions on Investments.
173 - Rate of Interest; Effect of Usury.
174 - Restrictions on Purchases Of, and Loans on Real Estate.
176 - Reports Required by Superintendent; Penalty for Failure to Make.
177 - Official Communications From Superintendent.
178 - Business of Deceased Private Banker; Continuation; Liquidation.