ยง 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 protection,
privileges and immunities, including the right to sue, collect debts,
realize on collateral security, enforce liens, claims and obligations,
and protect its property in this state, as a national bank whose
principal office is located in the same state as such state bank, and
such state bank and its shares, securities and evidences of indebtedness
shall enjoy the same privileges, protections and immunities as those of
such a national bank and shall not be subject to any disability,
incapacity, restriction, regulation, penalty, fee, fine or taxation
which is not imposed by this state in the case of such a national bank,
provided however that this section shall not apply with respect to any
state bank and its shares, securities and evidences of indebtedness
unless such state bank's state of incorporation has a statute with
provisions substantially similar to this section which is applicable to
a state bank incorporated in this state. As used in this section the
term "state bank" shall mean any commercial bank or trust company.
Structure New York Laws
Article 5 - Foreign Banking Corporations and National Banks
200 - When Foreign Banking Corporation May Transact Business in This State.
200-A - Actions Maintained by a Foreign Banking Corporation.
200-C - Maintenance of Books, Accounts and Records.
201 - Conditions to Be Complied With by Foreign Banking Corporations Applying for Initial License.
201-A - Rights and Privileges of Foreign Banking Corporation Under License; Effect of Revocation.
201-B - Fiduciary Powers of Foreign Banking Corporations.
201-C - Notice of Acquisition of Control or Merger.
202 - Rates of Interest; Installment Obligations; Personal Loan Departments; Effect of Usury
202-A - Restrictions on Receiving Deposits.
202-B - Maintenance of Assets in This State.
202-C - Reserves Against Deposits.
202-D - Foreign Banking Corporation May Not Maintain Both Agencies and Branches in This State.
202-G - Succession to Agency by Branch and to Branch by Agency.
202-I - Safe Deposit Business of Branches.
202-J - Power to Act as Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust.
203 - Change of Location, Name or Business.
204 - Reports of Foreign Banking Corporations; Penalties.
206 - Termination of Existence.
208 - Nondiscriminatory Treatment of Insured State Banks and National Banks.
209 - Restrictions on Executive Officers of Foreign Banking Corporations and National Banks.