New York Laws
Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers
26 - Licenses to Foreign Banking Corporations; Renewal.

§ 26. Licenses to foreign banking corporations; renewal. Upon receipt
of an application in proper form of any foreign banking corporation for
leave to do business in this state under the provisions of article five
of this chapter, the superintendent, if he or she shall find after
investigation and examination of what he or she deems to be the best
sources of information that the character, responsibility and general
fitness of the person or persons named in such application are such as
to command confidence and warrant belief that the business of such
foreign banking corporation will be honestly and efficiently conducted
in accordance with the intent and purpose of this chapter and that the
public convenience and advantage will be promoted by granting such
foreign banking corporation leave to do business in this state, shall
execute and issue a license under the official seal of the department
authorizing such applicant to carry on such business at the place
designated in the license. Such license shall be executed in triplicate
and the superintendent shall cause one copy to be transmitted to the
applicant, another to be filed in the office of the department and the
third to be filed in the office of the clerk of the county in which the
place of business designated in such license is located. A license
issued to such foreign banking corporation pursuant to this section
shall remain in full force and effect until surrendered or revoked.

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