New York Laws
Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers
18-B - Holocaust Reparations Payment Fees.

§ 18-b. Holocaust reparations payment fees. 1. For the purposes of
this section, "victims or targets of Nazi persecution" means any
individual, corporation, partnership, sole proprietorship,
unincorporated association, community, congregation, group,
organization, or other entity persecuted or targeted for persecution by
the Nazi Regime because of race, religion, ethnicity, sexual
orientation, national origin, or physical or mental disability or
handicap, or the heirs, successors, administrators, executors,
affiliates, or assignees of such victims or targets, or any other
claimant receiving funds from an eligible settlement fund, or from an
eligible grantor trust established for the benefit of such victims or
targets. An eligible settlement fund is an entity that is treated for
federal income tax purposes as a designated or qualified settlement
fund, as such term is defined in section 468B of the Internal Revenue
Code and the regulations thereunder, which is established for the
principal purpose of resolving and satisfying claims arising from or in
connection with any act or omission in any way relating to the
Holocaust, World War II and its prelude and aftermath, victims or
targets of Nazi persecution, transactions with or actions of the Nazi
Regime, or treatment of refugees fleeing Nazi persecution by or in the
Swiss Confederation. An eligible grantor trust is a grantor trust which
is established for the principal purpose of resolving and satisfying
such claims.

2. The superintendent shall maintain and annually update a list of
banks and other financial institutions doing business in the state that
voluntarily waive wire transfer fees and other processing fees imposed
for automated deposits or transfers of amounts received (including
accumulated interest) by victims or targets of Nazi persecution from an
eligible settlement fund, or from an eligible grantor trust established
for the benefit of such victims or targets. The department shall make
the list available to the public on the department's website.

Structure New York Laws