New York Laws
Article 13 - Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation
600 - Merger; When Authorized.

(1) One or more corporations organized under the laws of this state
and subject to the provisions of article three, article eight, article
eleven or article twelve of this chapter with another corporation
subject to the provisions of the same article.
(2) One or more mutual savings banks with another mutual savings bank.
(3) One or more mutual savings and loan associations with another
mutual savings and loan association.
(4) One or more mutual savings and loan associations with one or more
mutual savings banks.
(5) One or more safe deposit companies with a bank or trust company.
(6) One or more banks, trust companies, stock-form savings banks or
stock-form savings and loan associations, with one or more out-of-state
banks or out-of-state trust companies as such terms are defined in
section two hundred twenty-two of this chapter.
(7) One or more subsidiaries or affiliates of a bank, trust company,
savings bank or savings and loan association, which are not a bank,
trust company, savings bank or savings and loan association, as those
terms are defined in section two of this chapter, with the bank, trust
company, savings bank or savings and loan association of which it is a
subsidiary or affiliate, as the superintendent of financial services
shall approve and enter on its records; provided, however, that nothing
in this subdivision shall be deemed to authorize a bank, trust company,
savings bank or savings and loan association to exercise any power or
engage in any activity that it may not exercise or engage in pursuant to
this chapter. The superintendent of financial services may promulgate
such regulations as he or she deems necessary and proper to implement
and define the provisions of this subdivision. Nothing in this
subdivision shall alter, affect or impair any regulation or resolution
adopted, or that may be adopted, by the superintendent of financial
services, pursuant to section twelve-a or former sections fourteen-g or
fourteen-h of this chapter.
(8) Such other mergers between and among banking institutions as the
superintendent of financial services may authorize. The superintendent
may promulgate such regulations as he or she deems necessary and proper
to implement and define the provisions of this paragraph.

Structure New York Laws

New York Laws

BNK - Banking

Article 13 - Merger; Voluntary Dissolution; Superintendent's Taking Possession; Reorganization; Liquidation

600 - Merger; When Authorized.

601 - Merger Agreement; Authorization; Approval; Filing.

601-A - Purchase of Assets.

601-B - Approval or Disapproval of Merger or Purchase of Assets.

601-C - Sale, Lease, Exchange or Other Disposition of Property, Rights, Privileges and Franchises.

602 - Effect of Merger.

603 - Issuance of New Certificates of Stock or Other Consideration.

604 - Rights of Dissenting Stockholders.

604-A - Transfer of Fiduciary Relationships.

605 - Voluntary Liquidation; Sale of Assets; Forfeiture of Charter by Non-User.

605-A - Transfer of Deposit Liabilities of Bank or Trust Company; Sale or Pledge of Assets to Facilitate Such Transfer.

606 - When Superintendent May Take Possession of Banking Organization; When Possession May Be Surrendered.

607 - Manner and Time Within Which Taking Possession May Be Tested.

609 - Resumption of Business by Bank, Trust Company or Industrial Bank; Retirement of Certificates; Applicability to Stock-Form Savings Banks and Stock-Form

610 - Resumption of Business in Accordance With Plan of Reorganization.

611 - Special Deputies; Assistants; Counsel and Other Employees.

611-A - Appointment of Single Judge.

612 - Certificates to Be Recorded and Received in Evidence.

612-A - Payment of Wages.

613 - Payment by Superintendent of Expenses of Liquidation.

614 - Obtaining Possession of Pleadings, Et Cetera, in Actions Against Which Attorneys' Liens Are Asserted.

615 - On Taking Possession, Superintendent Shall Notify Those Holding Assets; Effect of Notification; Turnover of Assets and Payment of Debts Owed to the Ba

616 - Inventory of Assets; Where Filed.

617 - Disposition of Property Held as Bailee, or Depositary; Opening of Safe Deposit Boxes; Disposal of Contents.

618 - Liquidation and Conservation of Assets; Compromising Debts and Claims; Deposit of Moneys Collected; Preference; Superintendent, as Liquidator, Authori

618-A - Repudiation of Contracts.

619 - Prosecution and Defense of Actions; Actions Preferred; Limitations; Power to Execute Instruments; Exemption From Filing and Other Fees.

620 - Notice to Creditors to Make Proof of Claims; Form of Claims; Claims for Priority of Payment.

620-A - Certain Claims Shall Not Be Accepted.

622 - List of Claims Duly Presented; Filing.

623 - Filing Objections to Claims Presented or Listed; Procedure Upon Claim Under Objection.

624 - Acceptance and Rejection of Claims and Accounts; Filing of List Thereof; Secured Claims and Accounts; Determination of Priorities.

625 - Effect of Accepting Claims and Accounts; Limitation Upon Actions to Establish Claims and Accounts; Necessary Allegations; Effect of Judgment.

626 - Judgments Recovered Shall Not Be Liens.

627 - Dividends to Creditors; Distributions to Stockholders; Dissolution; Destruction of Documents.

628 - Payment of Dividends When Deposits Have Been Made Available by Federal Deposit Insurance Corporation.

629 - Payment of Dividends to Minors, Trustees or Joint Depositors; Payment of Dividends Where Adverse Claim Is Asserted; Interpleader in Certain Actions.

630 - Claims of Shareholders and Members of Credit Unions and Savings and Loan Associations.

631 - Actions Against Directors, Trustees, Managers or Officers for Violation of Their Official Duties.

633 - Service of Notice or Process During Time of War.

634 - Power to Appoint Regulator or Insurer as Receiver; Additional Powers.