New York Laws
BNK - Banking

4 - Information to Be Given to Social Services Officials, State Department of Social Services, State Department of Mental Hygiene, the Mental Hygiene Lega - § 4. Information to be given to social services officials,...

4-A - Banks to Display Signs. - § 4-a. Banks to display signs. Every banking organization having...

4-B - Advertising. - § 4-b. Advertising. Every such non-insured banking organization shall include...

4-C - Exemptions From Certain Provisions of Chapter. - § 4-c. Exemptions from certain provisions of chapter. Any uninsured...

5 - Loans Pursuant to the "Servicemen's Readjustment Act of 1944." - (a) No such loan upon the security of real estate...

6 - Investment in Obligations of Housing Corporations Indirectly Guaranteed Pursuant to the "Servicemen's Readjustment Act of 1944". - § 6. Investment in obligations of housing corporations indirectly guaranteed...

6-A - Investment in Obligations of Certain Persons Sixty-Five Years of Age or Over Incurred to Satisfy Real Property Tax Indebtedness. - (a) the principal amount of the loan shall not exceed...

6-C - Application Forms to Be Made Available; Certain Cases. - § 6-c. Application forms to be made available; certain cases....

6-D - Requirement to State in Writing Reason for Denial of Mortgage Loan. - § 6-d. Requirement to state in writing reason for denial...

6-E - Graduated Payment Mortgages Authorized. - § 6-e. Graduated payment mortgages authorized. Notwithstanding any inconsistent provision...

6-F - Alternative Mortgage Instruments Made by Banks, Trust Companies, Savings Banks, Savings and Loan Associations and Credit Unions. - (1) a statement that the lender will be entitled to...

6-G - Override of Certain Provisions of United States Public Law 97-320. - (a) A transfer by devise, descent, or operation of law...

6-H - Reverse Mortgage Loans Authorized. - § 6-h. Reverse mortgage loans authorized. Notwithstanding any inconsistent provision...

6-I - Mortgage Loans. - § 6-i. Mortgage loans. No person, partnership, corporation, banking organization,...

6-J - Proof of Insurance. - § 6-j. Proof of insurance. 1. No exempt organization, as...

6-K - Real Property Insurance Escrow Accounts. - (b) "Mortgagor" means a person having title to and occupying...

6-L - High-Cost Home Loans. - (a) "Affiliate" means any company that controls, is controlled by,...

6-M - Subprime Home Loans. - (a) "Annual percentage rate" means the annual percentage rate for...

6-N - Responsibility of Banks for Mortgages Being Processed for Modification. - § 6-n. Responsibility of banks for mortgages being processed for...

6-O - Single Point of Contact for Modifying Delinquent Home Loans. - (a) communicating information regarding options the borrower may have for...

6-O*2 - Reverse Cooperative Apartment Unit Loans for Persons Sixty-Two Years of Age or Older. - (a) Reverse cooperative apartment unit loan. A loan which is...

6-P - Loan Counseling for Mortgages Guaranteed by the Servicemen's Readjustment Act of 1944. - § 6-p. Loan counseling for mortgages guaranteed by the Servicemen's...

7 - Payment of Dividends or Interest Upon Unclaimed Deposits or Shares; Limitation of Charges in Connection With Savings Accounts. - § 7. Payment of dividends or interest upon unclaimed deposits...

8 - Deposits by Custodian Designated by Administrator of Veterans' Affairs, or by Person Certified by Social Security Administration. - § 8. Deposits by custodian designated by administrator of veterans'...

9 - Checks Drawn Against Corporate Funds or Payable to Corporations; No Notice of Defense Against or Claim to Check. - § 9. Checks drawn against corporate funds or payable to...

9-A - Defense of Ultra Vires. - No act of a corporation formed under this chapter, or...

9-B - Actions or Special Proceedings by Superintendent or Attorney-General. - (a) To annul the corporate existence or dissolve a corporation...

9-C - Superintendent's or Attorney-General's Action for Judicial Dissolution. - (a) That the corporation procured its formation through fraudulent misrepresentation...

9-D - Enforcement of Section Two Hundred Ninety-Six-a of the Executive Law. - § 9-d. Enforcement of section two hundred ninety-six-a of the...

9-F - Geographic Discrimination in Making Mortgage Loans Prohibited. - § 9-f. Geographic discrimination in making mortgage loans prohibited. 1....

9-G - Right of Set Off. - (b) No banking institution shall assert, claim or exercise any...

9-H - Imposition of Service Charges Prohibited. - § 9-h. Imposition of service charges prohibited. No banking organization...

9-I - Close-Out Fees Prohibited in Certain Cases. - * § 9-i. Close-out fees prohibited in certain cases. No...

9-I*2 - Prohibition on Depositor of Early Withdrawal Penalty in Certain Cases. - * § 9-i. Prohibition on depositor of early withdrawal penalty...

9-J - Disposal of Records; Customer Accounts. - § 9-j. Disposal of records; customer accounts. 1. Every banking...

9-K - Sale of Education Loans. - (a) a national or state chartered bank, mutual savings bank,...

9-M - Return of Checks. - § 9-m. Return of checks. Any banking institution as that...

9-N - Trust Accounts; Address of Beneficiary. - § 9-n. Trust accounts; address of beneficiary. 1. Every banking...

9-O - Mortgage Loans; Disclosure Form. - (a) "Mortgage lending institution" shall mean an insurance company, banking...

9-P - Acceptance of Certain Checks for Deposit. - § 9-p. Acceptance of certain checks for deposit. No banking...

9-R - Geographic Restrictions. - § 9-r. Geographic restrictions. 1. No banking institution shall have...

9-S - Preauthorized Electronic Fund Transfers. - § 9-s. Preauthorized electronic fund transfers. 1. Every banking institution...

9-T - Unsolicited Mail-Loan Checks. - (a) "lending institution" shall mean a licensed lender or a...

9-U - Atm Transactions by Persons Using Foreign Bank Accounts. - § 9-u. ATM transactions by persons using foreign bank accounts....

9-V - Savings Promotion Prize Giveaway. - § 9-v. Savings promotion prize giveaway. A banking organization organized...

9-W - Standard Financial Aide Award Letter. - § 9-w. Standard financial aid award letter. The superintendent of...

9-X - Mortgage Forbearance. - (a) "Covered period" means March 7, 2020 until the later...

9-X*2 - Fees Based on Inactivity; Notification. - * § 9-x. Fees based on inactivity; notification. Notwithstanding any...

9-Y - Banking Institutions to Pay Checks Drawn Therein in Order of Presentation. - § 9-y. Banking institutions to pay checks drawn therein in...

9-Z - Cashing of Certain Checks. - § 9-z. Cashing of certain checks. 1. No bank, trust...

Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers

10 - Declaration of Policy. - § 10. Declaration of policy. It is hereby declared to...

11 - Department of Financial Services; Official Documents; Destruction of Documents; Official Communications. - (b) Reports made in accordance with section twenty-eight-b of this...

12-A - Power of State Chartered Banking Institutions to Exercise the Rights of Counterpart Federally Chartered Banking Institutions. - (b) As used in this section and as is applicable,...

14 - Additional Powers of the Superintendent. - (a) To approve organization certificates and articles of association, private...

14-A - Rate of Interest; Superintendent of Financial Services to Adopt Regulations. - § 14-a. Rate of interest; superintendent of financial services to...

14-B - Power of the Superintendent of Financial Services to Prescribe Minimum Rate of Interest on Mortgage Escrow Accounts. - § 14-b. Power of the superintendent of financial services to...

14-C - Power of the Superintendent of Financial Services to Prescribe Criteria for Disclosure of Information on Savings and Time Accounts. - (a) disclosure of the annual rate of simple interest; the...

14-D - Power of the Superintendent of Financial Services to Prescribe a Reasonable Period of Time Permitting the Drawing on Items Received for Deposit in a Customer's Account. - (b) This section does not prohibit a banking institution and...

14-E - Power of the Superintendent to Authorize the Operation of Savings Banks and Savings and Loan Associations in Stock Form. - (a) The organization and operation of stock-form savings banks and...

14-F - Power of the Superintendent of Financial Services to Require the Provision of Basic Banking Services. - (a) the maximum amount which a banking institution may require...

18 - Fees for Copies and Certifications. - § 18. Fees for copies and certifications. Notwithstanding any provision...

18-A - Application Fees. - (a) twelve thousand five hundred dollars when such application relates...

18-B - Holocaust Reparations Payment Fees. - § 18-b. Holocaust reparations payment fees. 1. For the purposes...

19 - Assessments for Deficiency in Reserves Against Deposits. - (1) Six per centum per annum upon any such deficiency...

20 - Assessments, Penalties and Forfeitures Entitled to Priority. - § 20. Assessments, penalties and forfeitures entitled to priority. In...

21 - Collection of Assessments, Penalties and Forfeitures; Proceedings by Attorney General. - § 21. Collection of assessments, penalties and forfeitures; proceedings by...

22 - Fingerprints. - (b) The superintendent shall also, concurrent with an investigation of...

23 - Acceptance or Rejection of Certificate; Investigation Fees. - § 23. Acceptance or rejection of certificate; investigation fees. Within...

24 - Investigation by Superintendent; Refusal or Approval; Filing Certificate. - § 24. Investigation by superintendent; refusal or approval; filing certificate....

25 - Authorization Certificate; When and to Whom Issued; Contents; Filing and Recording. - § 25. Authorization certificate; when and to whom issued; contents;...

25-A - Authority of Superintendent to File Organization Certificate and Issue Authorization Certificate Under Certain Conditions. - * § 25-a. Authority of superintendent to file organization certificate...

26 - Licenses to Foreign Banking Corporations; Renewal. - § 26. Licenses to foreign banking corporations; renewal. Upon receipt...

27 - Exchange and Examination of Securities. - § 27. Exchange and examination of securities. 1. Any corporation,...

28 - Change of Location; Change of Designation of Principal Office; Approval or Refusal; Certificate. - § 28. Change of location; change of designation of principal...

28-A - Temporary Change of Location; Approval or Refusal; Certificate. - § 28-a. Temporary change of location; approval or refusal; certificate....

28-B - Credit Needs of Local Communities. - (1) Activities conducted by the banking institution to ascertain credit...

28-BB - Credit Needs of Local Communities; Mortgage Bankers. - (a) Activities conducted by the mortgage banker to ascertain credit...

28-C - Branch Office Closings; Report to and Action by the Superintendent. - (a) branch offices located outside the state of New York;...

29 - Branch Offices; Public Accommodation Offices; Approval or Refusal; Certificate; Investigation Fee. - § 29. Branch offices; public accommodation offices; approval or refusal;...

30 - Unclaimed Amounts; Deposit by Superintendent in Trust; Preference; Release of Debtor. - § 30. Unclaimed amounts; deposit by superintendent in trust; preference;...

31 - Index of Persons Entitled to Unclaimed Amounts; Payment to Persons Entitled; Deduction of Service Charge. - § 31. Index of persons entitled to unclaimed amounts; payment...

32 - Insurance of Deposits and Share Accounts. - (a) from the Federal Deposit Insurance Corporation, in the case...

33 - Reserve Depositaries. - (1) One million dollars, if located in a borough in...

34 - Superintendent as Attorney to Accept Service of Process. - § 34. Superintendent as attorney to accept service of process....

36 - Examinations; Right of Inspection; Penalties for Refusing to Permit Examination. - (a) the provisions of this subdivision shall not be applicable...

36-A - Reports of Lending by Banking Organizations. - § 36-a. Reports of lending by banking organizations. The superintendent...

36-B - Preservation of Books and Records. - § 36-b. Preservation of books and records. When any provision...

37 - Reports to Superintendent. - § 37. Reports to superintendent. 1. The superintendent shall at...

37-A - Submission of Annual Reports by the Holocaust Claims Processing Office. - § 37-a. Submission of annual reports by the Holocaust claims...

38 - Power of Subpoena. - § 38. Power of subpoena. 1. The superintendent shall have...

39 - Orders of Superintendent. - § 39. Orders of superintendent. 1. To appear and explain...

40 - Revocation of Authorization Certificate or License or Suspension of Activities in Certain Cases. - § 40. Revocation of authorization certificate or license or suspension...

41 - Removal of Director, Trustee or Officer. - § 41. Removal of director, trustee or officer. 1. Whenever...

42 - Official Acts of Superintendent and Details of Department Business to Be Made Public. - § 42. Official acts of superintendent and details of department...

44 - Violations; Penalties. - (b) The penalty for each violation prescribed in paragraph (a)...

44-A - Violations and Penalties; Failure to Make Reports. - § 44-a. Violations and penalties; failure to make reports. 1....

45 - Export Finance Awareness Program. - § 45. Export finance awareness program. There shall be created...

Article 2-AA - Atm Safety Act

75-A - Legislative Intent. - § 75-a. Legislative intent. The legislature hereby finds that automated...

75-B - Definitions. - (b) with respect to an open and operating automated teller...

75-C - Security Measures. - (b) To the extent practicable, as determined by an expert...

75-D - List of Facilities. - § 75-d. List of facilities. Any banking institution which operates...

75-E - Consumer Safety Information. - § 75-e. Consumer safety information. Upon the original issuance or...

75-F - Enforcement and Statistics. - § 75-f. Enforcement and statistics. 1. The department is authorized...

75-G - Report of Compliance. - § 75-g. Report of compliance. 1. By the fifteenth day...

75-H - Compliance With Local Building Code and All Other Applicable Provisions of Law. - § 75-h. Compliance with local building code and all other...

75-I - Facilities Not Subject to This Article. - § 75-i. Facilities not subject to this article. The provisions...

75-J - Civil Penalties. - § 75-j. Civil penalties. 1. Any banking institution found to...

75-K - Collection of Penalties. - § 75-k. Collection of penalties. The superintendent shall have the...

75-L - Preemption. - § 75-l. Preemption. 1. Except as provided in subdivision two...

75-M - Variances and Exemptions From Automated Teller Machine Security Measures. - (a) a resolution or declaration of the governing body of...

75-N - Rules and Regulations. - § 75-n. Rules and regulations. The superintendent shall promulgate such...

75-O - Severability. - § 75-o. Severability. If any word, phrase, clause, sentence, paragraph,...

Article 2-B - Financial Frauds

78 - Powers With Respect to Certain Crimes and Frauds. - § 78. Powers with respect to certain crimes and frauds....

Article 2-C - Community Bank Deposit Program

85 - Community Bank Deposit Program; Purpose. - § 85. Community bank deposit program; purpose. In recognition of...

86 - Eligibility. - § 86. Eligibility. 1. To be eligible to receive deposits,...

87 - Deposits. - § 87. Deposits. 1. Notwithstanding any provisions of law to...

Article 3 - Banks and Trust Companies

94 - Change From Bank to Trust Company; From Trust Company to Bank. - A bank complying with the minimum capital stock requirements specified...

96 - General Powers. - (b) To engage in the safe deposit business by renting...

96-A - Servicing of Mortgages by Banks. - § 96-a. Servicing of mortgages by banks. 1. Every bank...

96-B - Payroll Payment by Banks or Trust Companies. - § 96-b. Payroll payment by banks or trust companies. l....

96-C - Power to Act as Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust. - § 96-c. Power to act as trustee under self-employed retirement...

96-D - Banking Development Districts. - (a) the location, number, and proximity of sites where banking...

97 - Power to Purchase Securities and Stocks. - (a) Any safe deposit company which does business on premises...

98 - Power to Take and Hold Real Estate; Restrictions. - (a) A plot whereon there is or may be erected...

98-A - Club Accounts. - § 98-a. Club accounts. 1. No contract under which a...

100 - Fiduciary Powers. - (a) As guardian, receiver, trustee, committee or conservator of the...

100-A - Fiduciary Capacities; Appointment by Court Authorized; Bond; Oath; Accounting. - (a) Any trust company may be appointed guardian, trustee or...

100-B - Investments as Fiduciary; When Interest Is to Be Paid; Preference. - § 100-b. Investments as fiduciary; when interest is to be...

100-C - Common Trust Funds. - (b) For the purpose of this subdivision, (i) the term...

100-D - Foreign Common Trust Funds. - § 100-d. Foreign common trust funds. Any banking corporation or...

101 - Additional Powers of Certain Trust Companies. - § 101. Additional powers of certain trust companies. Every trust...

102 - Powers of Specially Chartered Trust Companies. - § 102. Powers of specially chartered trust companies. Every trust...

102-A - Limited Liability Trust Companies. - § 102-a. Limited liability trust companies. 1. Trust companies which...

103 - Restrictions on Loans, Purchases of Securities, Total Liabilities and Other Credit Exposures to a Bank or Trust Company of Any One Person. - (a) The limitations in this subdivision shall not apply to...

104 - Entries in Books; Restrictions; Amortization of Securities. - § 104. Entries in books; restrictions; amortization of securities. 1....

105 - Branch Offices; Prohibition Against Doing Business at Unauthorized Places. - (b) An office of an affiliated bank at which the...

105-A - Electronic Facilities. - § 105-a. Electronic facilities. A bank or trust company may...

105-B - Trust Offices. - § 105-b. Trust offices. 1. A trust company may establish...

106 - Deposits by Banks and Trust Companies With Other Banking Corporations and Private Bankers; Restrictions. - § 106. Deposits by banks and trust companies with other...

107 - Reserves Against Deposits. - § 107. Reserves against deposits. 1. Every bank and trust...

107-A - Security for Public Deposits. - (a) "Public depositary". A bank, trust company or other depositary,...

108 - Rates of Interest; Installment Obligations; Personal Loan Departments. - (b) A bank or trust company which operates a personal...

108-A - Acceptance of United States Currency. - § 108-a. Acceptance of United States currency. No bank or...

109 - Closing of Books; Profits; How to Be Computed. - (a) All income received or properly accrued, provided that no...

110 - Surplus Fund; of What Composed, and for What Purposes Used. - § 110. Surplus fund; of what composed, and for what...

111 - Profits; Credits to Surplus Fund and to Undivided Profits. - § 111. Profits; credits to surplus fund and to undivided...

112 - Dividends; Payable From Net Profits; Restrictions. - § 112. Dividends; payable from net profits; restrictions. 1. The...

113 - Change of Location; Change of Designation of Principal Office. - § 113. Change of location; change of designation of principal...

114 - Assessment of Stockholders to Make Good Impairment of Capital Stock; Sale of Stock. - § 114. Assessment of stockholders to make good impairment of...

121 - Reports to Directors. - § 121. Reports to directors. The board of directors shall,...

122 - Examinations of Banks and Trust Companies by Directors; Employment of Assistants. - § 122. Examinations of banks and trust companies by directors;...

123 - Reports of Directors' Examinations. - § 123. Reports of directors' examinations. 1. A report in...

124 - Communications From Department of Financial Services to Be Submitted to Directors and Noted in Minutes. - § 124. Communications from department of financial services to be...

125 - Reports to Superintendent; Penalty for Failure to Make. - § 125. Reports to superintendent; penalty for failure to make....

128 - Preservation of Books and Records. - § 128. Preservation of books and records. Every bank and...

129 - Requirement of Notice on Withdrawal of Certain Time Deposits; Notice to Superintendent. - § 129. Requirement of notice on withdrawal of certain time...

129-A - Requirement of Written Notification; Alternative Payment Schedules. - § 129-a. Requirement of written notification; alternative payment schedules. In...

130 - Restrictions on Officers, Directors and Employees. - (b) The superintendent of financial services shall have the power...

131 - Prohibitions Against Encroachments Upon Certain Powers of Banks and Trust Companies. - (b) Notwithstanding any other provisions of this chapter, a bank...

132 - Use of Sign, or Words, Indicating Bank or Trust Company by Unauthorized Persons Prohibited. - § 132. Use of sign, or words, indicating bank or...

133 - Use of Banking Institution Name. - (a) without the consent of the banking institution; and (b)...

134 - Repayment of Deposits Standing in the Names of Minors, Trustees or Joint Depositors; Repayment Where Adverse Claim Is Asserted; Interpleader in Certai - (b) The funds on deposit which are the subject of...

136 - Change of National Banking Association Into State Bank by Conversion or Merger. - § 136. Change of national banking association into state bank...

136-A - Purchase of Assets of National Banking Association by Bank or Trust Company. - § 136-a. Purchase of assets of national banking association by...

136-B - Approval of Superintendent. - § 136-b. Approval of superintendent. The superintendent shall approve or...

136-C - Effect of Merger or Conversion of National Banking Association Into State Bank. - (a) the resulting state bank shall be considered the same...

137 - Change of State Bank Into National Banking Association by Conversion, Merger or Consolidation. - (a) all of the property, rights, powers and franchises of...

138 - Foreign Branches; Performance of Contracts and Repayment of Deposits. - § 138. Foreign branches; performance of contracts and repayment of...

139 - Saving Clause. - § 139. Saving clause. All banks which shall have been...

140-A - Stock Option Plans. - § 140-a. Stock option plans. Subject to such regulations and...

Article 3-A - Bank Holding Companies; Control of Banking Institutions

141 - Definitions. - § 141. Definitions. 1. "Banking institution," when used in this...

142 - Limitations On, and Regulation Of, Bank Holding Companies. - § 142. Limitations on, and regulation of, bank holding companies....

142-A - Limitation on Acquisition of Newly Chartered Banking Institutions. - § 142-a. Limitation on acquisition of newly chartered banking institutions....

143 - Limitations on Directors, Officers and Employees. - (b) The superintendent shall have the power to determine by...

143-A - Acquisitions by Companies of All the Capital Stock of Banks and Trust Companies; No Change of Ultimate Control. - § 143-a. Acquisitions by companies of all the capital stock...

143-B - Acquisition by Companies of Control of Banking Institutions. - § 143-b. Acquisition by companies of control of banking institutions....

145 - Penalties; Restraining Orders and Injunctions. - § 145. Penalties; restraining orders and injunctions. 1. Any company...

146 - Saving Provision. - § 146. Saving provision. Nothing herein contained shall be interpreted...

147 - Separability of Provisions. - § 147. Separability of provisions. If any provision of this...

Article 3-B - Subsidiary Trust Companies

150 - Definitions. - § 150. Definitions. 1. "Subsidiary trust company", when used in...

151 - Organization of Subsidiary Trust Companies. - § 151. Organization of subsidiary trust companies. A subsidiary trust...

152 - Business of Subsidiary Trust Companies; Limitation on Powers. - § 152. Business of subsidiary trust companies; limitation on powers....

153 - Offices. - § 153. Offices. Notwithstanding the provisions of sections twenty-nine and...

154 - Transfer of Fiduciary Relationships From Affiliated Banks or Trust Companies to Subsidiary Trust Companies. - (b) Such petition shall indicate the county wherein the principal...

155 - Applicable Laws and Regulations. - § 155. Applicable laws and regulations. To the extent not...

Article 4 - Private Bankers.

160 - Verified Certificate. - § 160. Verified certificate. Any individual or partnership desiring to...

161 - Authorization Certificate. - § 161. Authorization certificate. If the superintendent shall issue an...

162 - Permanent Capital; Increase or Decrease. - § 162. Permanent capital; increase or decrease. Every private banker...

163 - Restrictions as to Place of Business. - § 163. Restrictions as to place of business. The office...

164 - Change of Location. - § 164. Change of location. Any private banker may make...

165 - Segregation of Investments; Title to Be Taken in Descriptive Name. - § 165. Segregation of investments; title to be taken in...

166 - Depositors Preferred in Case of Failure or Suspension. - § 166. Depositors preferred in case of failure or suspension....

167 - Reserves Against Deposits. - § 167. Reserves against deposits. Every private banker shall maintain...

168 - Restrictions on Acceptance of Deposits and Payment of Interest. - (1) Accept any amount for deposit if after the acceptance...

171 - Repayment of Deposits Standing in the Names of Minors, Trustees or Joint Depositors; Repayment Where Adverse Claim Is Asserted; Interpleader in Certai - (b) The funds on deposit which are the subject of...

172 - Restrictions on Investments. - § 172. Restrictions on investments. 1. Every private banker may,...

173 - Rate of Interest; Effect of Usury. - § 173. Rate of interest; effect of usury. 1. No...

174 - Restrictions on Purchases Of, and Loans on Real Estate. - § 174. Restrictions on purchases of, and loans on real...

175 - Books and Records. - § 175. Books and records. 1. Every private banker shall...

176 - Reports Required by Superintendent; Penalty for Failure to Make. - § 176. Reports required by superintendent; penalty for failure to...

177 - Official Communications From Superintendent. - § 177. Official communications from superintendent. Every official communication, as...

178 - Business of Deceased Private Banker; Continuation; Liquidation. - § 178. Business of deceased private banker; continuation; liquidation. In...

179 - Effect of Revocation of Authorization Certificate. - § 179. Effect of revocation of authorization certificate. Whenever the...

180 - Prohibitions Against Encroachment Upon Certain Powers of Private Bankers, Savings Banks and Savings and Loan Associations. - (1) Engage in the business of receiving deposits; (2) Make...

181 - Exemptions of Certain Private Bankers. - § 181. Exemptions of certain private bankers. 1. Every individual...

Article 4-A - Public Accommodation Offices of Banks, Trust Companies, Savings Banks, Savings and Loan Associations and Foreign Banking Corporations

190 - Application of Article; Definition. - § 190. Application of article; definition. This article shall apply...

191 - Public Accommodation Offices Authorized. - § 191. Public accommodation offices authorized. A banking institution may...

192 - Location of Public Accommodation Office. - § 192. Location of public accommodation office. 1. Each public...

193 - Limitation Upon Business Which May Be Transacted at Public Accommodation Office. - (a) the receipt of deposits of money, currency, checks and...

194 - Public Accommodation Office Not Deemed Branch Office. - § 194. Public accommodation office not deemed branch office. A...

195 - Rules, Regulations and Orders. - § 195. Rules, regulations and orders. The superintendent shall have...

Article 5 - Foreign Banking Corporations and National Banks

200 - When Foreign Banking Corporation May Transact Business in This State. - § 200. When foreign banking corporation may transact business in...

200-A - Actions Maintained by a Foreign Banking Corporation. - In maintaining an action or special proceeding in this state,...

200-B - Actions Maintained Against Foreign Banking Corporation; Residents; Foreign Corporations, Foreign Banking Corporations as Non-Residents. - (a) where the action is brought to recover damages for...

200-C - Maintenance of Books, Accounts and Records. - § 200-c. Maintenance of books, accounts and records. Every foreign...

201 - Conditions to Be Complied With by Foreign Banking Corporations Applying for Initial License. - § 201. Conditions to be complied with by foreign banking...

201-A - Rights and Privileges of Foreign Banking Corporation Under License; Effect of Revocation. - § 201-a. Rights and privileges of foreign banking corporation under...

201-B - Fiduciary Powers of Foreign Banking Corporations. - § 201-b. Fiduciary powers of foreign banking corporations. Every foreign...

201-C - Notice of Acquisition of Control or Merger. - § 201-c. Notice of acquisition of control or merger. 1....

202 - Rates of Interest; Installment Obligations; Personal Loan Departments; Effect of Usury - § 202. Rates of interest; installment obligations; personal loan departments;...

202-A - Restrictions on Receiving Deposits. - § 202-a. Restrictions on receiving deposits. 1. A foreign banking...

202-B - Maintenance of Assets in This State. - § 202-b. Maintenance of assets in this state. * 1....

202-C - Reserves Against Deposits. - § 202-c. Reserves against deposits. Each such foreign banking corporation...

202-D - Foreign Banking Corporation May Not Maintain Both Agencies and Branches in This State. - § 202-d. Foreign banking corporation may not maintain both agencies...

202-F - Restrictions on Loans, Purchases of Securities and Total Liabilities of Any One Person to New York Branch or Agency of Foreign Bank. - § 202-f. Restrictions on loans, purchases of securities and total...

202-G - Succession to Agency by Branch and to Branch by Agency. - § 202-g. Succession to agency by branch and to branch...

202-H - Repayment of Deposits Standing in the Names of Minors, Trustees, Joint Depositors or Custodians; Interpleader in Certain Actions. - (b) The funds on deposit which are the subject of...

202-I - Safe Deposit Business of Branches. - § 202-i. Safe deposit business of branches. Each such foreign...

202-J - Power to Act as Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust. - § 202-j. Power to act as trustee under self-employed retirement...

203 - Change of Location, Name or Business. - Any foreign corporation licensed pursuant to article two of this...

204 - Reports of Foreign Banking Corporations; Penalties. - § 204. Reports of foreign banking corporations; penalties. Every foreign...

204-A - Payment of Claims by Foreign Banking Corporations Where Adverse Claim Is Asserted; Effect of Claims or Advices Originating In, and Statutes, Rules Or - (b) For the purposes of this subdivision (1) the term...

206 - Termination of Existence. - § 206. Termination of existence. When a foreign banking corporation...

207 - Service of Process on Unlicensed Corporation Formed Under Laws Other Than the Statutes of This State. - (a) Delivered personally without this state to such foreign banking...

208 - Nondiscriminatory Treatment of Insured State Banks and National Banks. - § 208. Nondiscriminatory treatment of insured state banks and national...

209 - Restrictions on Executive Officers of Foreign Banking Corporations and National Banks. - § 209. Restrictions on executive officers of foreign banking corporations...

Article 5-A - New York Business Development Corporation

210 - Establishment. - § 210. Establishment. 1. There is hereby created a corporation...

211 - Economic Regions. - § 211. Economic regions. For the purposes of this article,...

212 - Purposes, Powers and Operation. - (b) The corporation shall undertake the following programs in furtherance...

213 - Board of Directors. - § 213. Board of directors. 1. All the corporate powers...

214 - Committees. - § 214. Committees. 1. There shall be a loan committee...

215 - Membership. - § 215. Membership. 1. The members of such corporation shall...

216 - Capital Stock. - § 216. Capital stock. The capital stock of such corporation...

217 - Surplus, Obligations and Depositories. - § 217. Surplus, obligations and depositories. 1. Such corporation shall...

218 - Supervision and Reports. - § 218. Supervision and reports. Such corporation shall be subject...

219 - Unissued Securities and Reorganization. - § 219. Unissued securities and reorganization. 1. The holders of...

220 - Participation. - (a) All domestic corporations organized for the purpose of carrying...

Article 5-B - License for a Foreign Banking Corporation to Maintain a Representative

221-A - Doing Business Without License Prohibited. - § 221-a. Doing business without license prohibited. 1. No person,...

221-B - Definitions. - § 221-b. Definitions. 1. Banking institution. The term "banking institution",...

221-C - Application for License; Fees. - § 221-c. Application for license; fees. The application for such...

221-D - Conditions Precedent to Issuing License; Procedure Where Application Denied. - § 221-d. Conditions precedent to issuing license; procedure where application...

221-E - License Provisions. - § 221-e. License provisions. Each license issued under this article...

221-F - Grounds for Suspension or Revocation of License; Procedure. - (a) The licensee or its representative has violated any provision...

221-G - Superintendent Authorized to Examine; Expenses. - § 221-g. Superintendent authorized to examine; expenses. For the purpose...

221-H - Licensee's Books and Records; Reports. - § 221-h. Licensee's books and records; reports. A foreign banking...

221-I - Notice of Acquisition of Control or Merger. - § 221-i. Notice of acquisition of control or merger. 1....

221-J - Authority of Superintendent. - § 221-j. Authority of superintendent. The superintendent is hereby authorized...

221-K - Separability of Provisions. - § 221-k. Separability of provisions. If any provision of this...

Article 5-C - Interstate Branching

222 - Definitions. - § 222. Definitions. In this article, the following definitions shall...

223 - Establishment of Branches or Trust Offices by Means of an Acquistion Transaction. - § 223. Establishment of branches or trust offices by means...

223-A - Establishment of Branches by Out-of-State Banks by De Novo Branching. - § 223-a. Establishment of branches by out-of-state banks by de...

224 - Application for the Establishment of Branches or Trust Offices Not Resulting From an Acquistion Transaction; Retention of Branches or Trust Offices Resulting From Merger or Acquistion. - § 224. Application for the establishment of branches or trust...

224-A - Change of Location of Branches or Trust Offices by Out-of-State State Banks or Out-of-State State-Chartered Trust Companies. - § 224-a. Change of location of branches or trust offices...

225 - Interstate Acquisition Transactions. - (a) the resulting or consolidated corporation shall be considered the...

225-A - Power of Superintendent to Examine Branches or Trust Offices of Out-of-State State Banks or Out-of-State State-Chartered Trust Companies. - § 225-a. Power of superintendent to examine branches or trust...

225-B - Applicability of Certain Sections to Out-of-State Banks. - § 225-b. Applicability of certain sections to out-of-state banks. 1....

226 - Powers of Out-of-State State Banks. - § 226. Powers of out-of-state state banks. An out-of-state state...

227 - Powers Permitted to Out-of-State Branches of New York Banks. - § 227. Powers permitted to out-of-state branches of New York...

227-B - Rules and Regulations. - § 227-b. Rules and regulations. The superintendent shall have the...

227-C - Separability of Provisions. - § 227-c. Separability of provisions. If any provision of this...

Article 5-D - Small Business Investment Companies

228-A - Establishment. - § 228-a. Establishment. 1. A small business investment company to...

228-B - Definitions. - (i) a poverty rate of at least twenty percent for...

228-C - Purposes, Powers and Operation. - (b) The purposes of the NYSSBIC shall be to provide...

228-D - New York Small Business Investment Company; Board of Directors. - § 228-d. New York small business investment company; board of...

228-E - New York Specialized Small Business Investment Company; Board of Directors. - § 228-e. New York specialized small business investment company; board...

228-F - Reports. - (a) information on the cost and source of funds and...

Article 6 - Savings Banks

229 - Application. - 1. This article applies to every savings bank and shall...

230 - Incorporation; Organization Certificate. - § 230. Incorporation; organization certificate. When authorized by the superintendent...

232 - Organization Certificate to Be Submitted to Superintendent; Proof of Publication and Service of Notice of Intention. - § 232. Organization certificate to be submitted to superintendent; proof...

233 - When Corporate Existence Begins; Conditions Precedent to Commencing Business. - § 233. When corporate existence begins; conditions precedent to commencing...

234 - General Powers. - § 234. General powers. Every savings bank shall have, subject...

234-A - Settlement, Modification or Readjustment of Investment. - § 234-a. Settlement, modification or readjustment of investment. A savings...

234-B - Trust Powers. - § 234-b. Trust powers. 1. The superintendent of financial services...

235 - Investment of Funds. - (b) Obligations, excluding however, non-negotiable warrants, of any city or...

235-B - Effect of Usury. - § 235-b. Effect of usury. The knowingly taking, receiving, reserving,...

235-C - Regulation of Certain Charges. - § 235-c. Regulation of certain charges. The superintendent of financial...

235-D - Service Corporations Owned by Savings Banks; Authorized Activities of Such Corporations; Investment Therein. - § 235-d. Service corporations owned by savings banks; authorized activities...

236 - Deposits by Savings Banks With Other Banking Corporations and Private Bankers; Restrictions. - § 236. Deposits by savings banks with other banking corporations...

237 - Deposits With Savings Banks; Restrictions. - § 237. Deposits with savings banks; restrictions. 1. No savings...

238 - Regulations and Restrictions as to Repayment of Deposits. - § 238. Regulations and restrictions as to repayment of deposits....

239 - Repayment of Deposits of Minors, Trust Deposits, Joint Deposits, and Deposits Adversely Claimed; Interpleader in Certain Actions; Statute of Limitatio - (b) The funds on deposit which are the subject of...

239-A - Preservation of Books and Records. - § 239-a. Preservation of books and records. Every savings bank...

240 - Restrictions as to Place of Business; Branch Offices. - (a) A savings bank may open and occupy one or...

240-A - Electronic Facilities. - § 240-a. Electronic facilities. A savings bank may conduct a...

240-B - Acceptance of United States Currency. - § 240-b. Acceptance of United States currency. No savings bank...

241 - Change of Location; Change of Designation of Principal Office. - § 241. Change of location; change of designation of principal...

242 - Assets; How Entered and Carried on Books; Disallowance by Superintendent. - § 242. Assets; how entered and carried on books; disallowance...

243 - Surplus Fund. - § 243. Surplus fund. 1. Every savings bank shall create...

244 - Earnings; How and When to Be Computed; Transfers to Surplus Fund. - (a) All earnings actually received, less interest accrued and uncollected...

245 - Interest Payments. - § 245. Interest payments. 1. A savings bank may classify...

246 - Board of Trustees; Number; Vacancies; Qualifications; Oath and Declaration. - (b) Notwithstanding the provisions of the foregoing paragraph of this...

246-A - Executive Committee and Other Committees. - (a) The filling of vacancies in the board of trustees...

247 - Restrictions Upon Trustees and Officers. - (a) Have any interest, direct or indirect, in the profits...

248 - Removal and Forfeiture of Office of Trustee. - (a) Shall fail to comply with any of the provisions...

249 - Compensation of Trustees and Officers. - § 249. Compensation of trustees and officers. 1. A trustee...

250 - Pensions; Insurance. - § 250. Pensions; insurance. Subject to such regulations as the...

251 - Meetings; Quorum; By-Laws; Officers. - (b) The by-laws may prescribe what shall constitute notice of...

252 - Reports to Trustees. - § 252. Reports to trustees. The board of trustees of...

253 - Official Communications From Department of Financial Services to Be Submitted to Trustees and Noted in Minutes. - § 253. Official communications from department of financial services to...

254 - Examinations by Trustees. - § 254. Examinations by trustees. 1. Once in each calendar...

255 - Reports to Superintendent; Penalty for Failure to Make. - § 255. Reports to superintendent; penalty for failure to make....

255-A - Publication and Delivery of Annual Report. - § 255-a. Publication and delivery of annual report. Every savings...

256 - Photographic Reproduction of Records. - § 256. Photographic reproduction of records. Any photograph, microphotograph or...

257 - Duties of Trustees and Officers. - (a) To compel the defendant to account for his official...

258 - Prohibition of Unauthorized Savings Banks and Use of the Word "Savings"; Exception as to School Savings. - § 258. Prohibition of unauthorized savings banks and use of...

260 - Charters of All Savings Banks Conformed to This Article. - § 260. Charters of all savings banks conformed to this...

260-A - Amendment of Organization Certificate and By-Laws. - § 260-a. Amendment of organization certificate and by-laws. Any proposed...

260-B - Conversion of a Savings Bank Into a Savings and Loan Association. - § 260-b. Conversion of a savings bank into a savings...

Article 6-B - Fund for Insuring Deposits in Savings Banks And/or Otherwise Protecting Depositors

282 - Creation of Fund. - § 282. Creation of fund. Any seventy-five or more savings...

283 - Management of Fund. - § 283. Management of fund. The fund shall be collected,...

284 - Agreement; Filing and Provisions Thereof. - § 284. Agreement; filing and provisions thereof. The agreement when...

285 - Powers Which May Be Granted to Trustee. - § 285. Powers which may be granted to trustee. In...

286 - Taxation and Exemption of Property Held in Fund; Exemption of Mortgages From Mortgage Recording Tax. - § 286. Taxation and exemption of property held in fund;...

287 - Member Savings Banks. - § 287. Member savings banks. Any savings bank incorporated in...

288 - Contributions as Assets. - § 288. Contributions as assets. All contributions and payments pursuant...

289 - Confirmation of Powers. - § 289. Confirmation of powers. Any savings bank shall have...

289-A - Immunity of Trustee and Member Savings Banks. - § 289-a. Immunity of trustee and member savings banks. The...

289-B - Construction. - § 289-b. Construction. The provisions of this article shall be...

Article 6-C - Mutual Holding Companies

290 - Authorization of the Formation of Mutual Holding Companies. - § 290. Authorization of the formation of mutual holding companies....

291 - Required Approvals. - (b) In determining whether to approve the plan of reorganization,...

292 - Formation of a Mutual Holding Company. - (a) (i) the organization by the mutual holding company of...

293 - Mutual Holding Company Powers. - (a) except as provided pursuant to the provisions of subdivision...

294 - Conversion of Mutual Holding Company Into Stock Holding Company. - (a) was organized as a result of the reorganization of...

Article 8 - Safe Deposit Companies.

317 - General Powers. - § 317. General powers. Every safe deposit company shall, subject...

318 - Branch Offices. - § 318. Branch offices. Any safe deposit company having a...

319 - Limitations Upon the Powers of Safe Deposit Companies. - § 319. Limitations upon the powers of safe deposit companies....

320 - Books and Records. - § 320. Books and records. Every safe deposit company shall...

321 - Change of Location; Change of Designation of Principal Office. - § 321. Change of location; change of designation of principal...

323 - Assessment of Stockholders to Make Good Impairment of Capital; Sale of Stock. - § 323. Assessment of stockholders to make good impairment of...

324 - Change of Control. - (b) The superintendent shall disapprove the proposed exercise of control...

327 - Use of Sign or Words Indicating Safe Deposit Company by Unauthorized Persons Prohibited. - § 327. Use of sign or words indicating safe deposit...

328 - Communications From Department of Financial Services Must Be Submitted to Directors and Noted in Minutes. - § 328. Communications from department of financial services must be...

329 - Reports to Superintendent; Penalty for Failure to Make. - § 329. Reports to superintendent; penalty for failure to make....

330 - Liability of Safe Deposit Company for Assessments by Superintendent. - § 330. Liability of safe deposit company for assessments by...

Article 8-A - Safe Deposit Business

332 - Definitions. - § 332. Definitions. As used in this article, the following...

333 - Access to Safe Deposit Boxes by Certain Fiduciaries. - § 333. Access to safe deposit boxes by certain fiduciaries....

334 - Leases to Minors. - § 334. Leases to minors. A lessor may let a...

335 - Special Remedies Where Rental of Safe Deposit Box Is Not Paid or When Safe Deposit Box Is Not Vacated on Termination of Lease. - (b) At any time after the expiration of thirty days...

336 - Special Remedies Where Property Is Deposited. - § 336. Special remedies where property is deposited. 1. Every...

337 - Sale of Safe Deposit Business. - § 337. Sale of safe deposit business. Subject to the...

338 - Notice to Renters of Safe Deposit Boxes Regarding Insurance. - § 338. Notice to renters of safe deposit boxes regarding...

Article 9 - Licensed Lenders

340 - Doing Business Without License Prohibited. - § 340. Doing business without license prohibited. No person or...

341 - Application for License; Fees; Capital Requirements. - (b) As used in this article, the term supplemental license...

342 - Conditions Precedent to Issuing License; Procedure Where Application Denied. - § 342. Conditions precedent to issuing license; procedure where application...

343 - License Provisions; Separate License for Each Place of Business; Change of Location. - (b) The superintendent shall, if satisfied that there is no...

344 - Issuance of License Upon Acquisition of Business of Licensed Lender. - § 344. Issuance of license upon acquisition of business of...

345 - Application for Acquisition of Control of Licensed Lender by Purchase of Stock. - § 345. Application for acquisition of control of licensed lender...

347 - Grounds for Revocation or Suspension of License; Procedure. - (a) The licensee has failed to pay any sum of...

348 - Superintendent Authorized to Examine. - § 348. Superintendent authorized to examine. For the purpose of...

349 - Licensee's Books and Records; Reports. - § 349. Licensee's books and records; reports. The licensee shall...

350 - Restrictions Concerning Advertising, Liens on Real Estate, and Places Where Loans Made. - (b) No licensee shall make, directly or indirectly, orally or...

351 - Restrictions on Loans Subject to the Provisions of This Article; Interest; Other Charges. - (a) If the loan agreement is prepaid in full by...

352 - Acts Required of Licensees; Acts Prohibited. - § 352. Acts required of licensees; acts prohibited. Every licensee...

353 - Limitation on Licensee's Charges on Certain Loans. - § 353. Limitation on licensee's charges on certain loans. No...

354 - Restrictions on Assignments of Compensation for Services. - (a) the assignment by its terms is revocable at the...

355 - Solicitation of Loans. - § 355. Solicitation of loans. 1. Any loan made by...

356 - Restrictions on Certain Loans by Non-Licensees, Interests, Other Charges; Loans Made Outside This State. - § 356. Restrictions on certain loans by non-licensees, interests, other...

357 - Insurance. - § 357. Insurance. 1. The licensee may require a borrower,...

358 - Penalties. - § 358. Penalties. Any person or other entity including the...

359 - Authority of Superintendent. - § 359. Authority of superintendent. The superintendent is hereby authorized...

360 - Short Title. - § 360. Short title. This article shall be known and...

361 - Severability. - § 361. Severability. If any provision of this article or...

Article 9-A - Licensed Cashers of Checks

366 - Definitions. - § 366. Definitions. When used in this article. 1. The...

367 - License Requirements; Fees; Capital Requirements. - § 367. License requirements; fees; capital requirements. 1. No person,...

369 - Conditions Precedent to Issuing License; Issuance and Filing of License; Posting License. - § 369. Conditions precedent to issuing license; issuance and filing...

370 - Restrictions as to Place or Area of Doing Business; Establishment of Stations; Change of Location. - § 370. Restrictions as to place or area of doing...

370-A - Changes in Control. - § 370-a. Changes in control. 1. It shall be unlawful...

371 - Regulations. - § 371. Regulations. The superintendent is hereby authorized and empowered...

372 - Fees and Charges; Posting Schedule; Records and Reports. - § 372. Fees and charges; posting schedule; records and reports....

372-A - Superintendent Authorized to Examine. - § 372-a. Superintendent authorized to examine. 1. For the purpose...

372-B - Forged Checks for Cashing; Signage. - § 372-b. Forged checks for cashing; signage. All licensees shall...

373 - Acts Prohibited; Suspension or Revocation of License; Penalties. - § 373. Acts prohibited; suspension or revocation of license; penalties....

374 - Application of Article. - § 374. Application of article. 1. The provisions of this...

Article 10 - Savings and Loan Associations

375 - Incorporation; Organization Certificate. - (b) Ten thousand dollars if the principal office is to...

376 - Proposed By-Laws. - (b) The number of directors, and their qualifications, other than...

377 - When Corporate Existence Begins. - § 377. When corporate existence begins. When the superintendent shall...

378 - Power to Issue Shares; Dues Thereon. - (b) Savings shares, upon which dues shall be paid in...

378-A - Time Deposits. - (b) The time deposit which is the subject of such...

378-B - Club Accounts. - § 378-b. Club accounts. 1. No contract under which a...

378-C - Excelsior Linked Deposit Program. - § 378-c. Excelsior linked deposit program. A savings and loan...

378-D - Preservation of Books and Records. - § 378-d. Preservation of books and records. Every savings and...

378-E - Water Pollution Control Linked Deposit Program. - § 378-e. Water pollution control linked deposit program. A savings...

379 - Power to Invest in Securities. - (2) Capital stock of a federal home loan bank, in...

379-B - Service Corporation Owned by Associations; Authorized Activities of Such Corporation; Investment Therein. - § 379-b. Service corporation owned by associations; authorized activities of...

380 - Power to Make Loans. - (a) secured by one or more mortgages in which a...

380-A - Power to Purchase Mortgage, Loan or Investment. - § 380-a. Power to purchase mortgage, loan or investment. Subject...

380-B - Power to Purchase Mortgages From Mortgage Holders. - § 380-b. Power to purchase mortgages from mortgage holders. A...

380-C - Power to Participate in Certain Loans and Mortgage Investments. - § 380-c. Power to participate in certain loans and mortgage...

380-E - Effect of Usury. - § 380-e. Effect of usury. The knowingly taking, receiving, reserving,...

380-F - Power to Make Advances of Federal Funds. - § 380-f. Power to make advances of federal funds. A...

380-G - Power to Engage in Line of Credit Financing of Residential Real Estate. - § 380-g. Power to engage in line of credit financing...

380-H - Trust Powers. - § 380-h. Trust powers. 1. The superintendent of financial services...

380-I - Personal Loan Departments. - § 380-i. Personal loan departments. Subject to such regulations as...

380-J - Authorization to Acquire and Lease Personal Property. - § 380-j. Authorization to acquire and lease personal property. A...

380-K - Investment in Promissory Notes. - § 380-k. Investment in promissory notes. A savings and loan...

380-L - Excelsior Linked Deposit Program. - § 380-l. Excelsior linked deposit program. A savings and loan...

380-M - Water Pollution Control Linked Deposit Program. - § 380-m. Water pollution control linked deposit program. A savings...

381 - Power to Take and Hold Real Estate; Restrictions. - (b) Such as shall be conveyed to it in satisfaction...

382 - Power to Borrow. - § 382. Power to borrow. Subject to such regulations as...

382-A - Power to Act as Trustee Under Self-Employed Retirement Trust and of Individual Retirement Account; Investment in Savings Account. - § 382-a. Power to act as trustee under self-employed retirement...

382-B - Power to Issue Certain Obligations. - § 382-b. Power to issue certain obligations. 1. In addition...

383 - Other Powers. - § 383. Other powers. Every savings and loan association shall,...

383-A - Rental of Safe Deposit Boxes. - § 383-a. Rental of safe deposit boxes. Any savings and...

384 - Entries in Books; Restrictions; Amortization of Securities. - § 384. Entries in books; restrictions; amortization of securities. 1....

385 - Surplus Account. - § 385. Surplus account. Every savings and loan association shall...

386 - Profits; How and When to Be Computed. - (a) All income received or properly accrued, provided that no...

387 - Credits to Surplus Account and Undivided Profits; Dividends to Shareholders. - § 387. Credits to surplus account and undivided profits; dividends...

388 - Fines and Penalties for Failure to Make Payments on Instalment Shares. - § 388. Fines and penalties for failure to make payments...

389 - Matured Shares; Conversion Into Shares of Another Class Upon Notice. - § 389. Matured shares; conversion into shares of another class...

390 - Withdrawal of Unpledged Shares; Provisions for Dividends. - § 390. Withdrawal of unpledged shares; provisions for dividends. 1....

392 - Retirement of Shares; Suspension; Transfer. - § 392. Retirement of shares; suspension; transfer. 1. The board...

393 - Repayment of Mortgage Loans; Application of Pledged Shares. - (a) Interest for a period of three months on the...

394 - Joint Shares; Shares of Minors; Shares in Trust. - § 394. Joint shares; shares of minors; shares in trust....

395 - Alternative Provisions Relative to Payment of Interest to Shareholders. - § 395. Alternative provisions relative to payment of interest to...

396 - Change of Location; Change of Designation of Principal Office; Maintenance of Branch Office. - (b) Except for the city or village in which its...

396-A - Electronic Facilities. - § 396-a. Electronic facilities. A savings and loan association may...

396-B - Acceptance of United States Currency. - § 396-b. Acceptance of United States currency. No savings and...

397 - Number, Qualifications and Disqualifications of Directors; Oath; Quorum; Meeting of Directors. - (b) No person shall be eligible to election as a...

397-A - Report to Directors. - § 397-a. Report to directors. The board of directors of...

398 - Filling of Vacancies in Board of Directors; Change in Number of Directors. - § 398. Filling of vacancies in board of directors; change...

398-A - Forfeiture of Office of Director. - § 398-a. Forfeiture of office of director. The office of...

398-B - Duties of Directors and Officers. - (a) To compel the defendant to account for his official...

398-C - Executive Committee and Other Committees. - (a) The submission to shareholders of any action that needs...

399 - Restrictions on Directors and Officers. - (b) The superintendent shall have the power to determine by...

399-A - Restrictions on Holding of Certain Offices by Executive Officers of Federal Savings Banks and Federal Savings Associations. - § 399-a. Restrictions on holding of certain offices by executive...

400 - Pensions; Insurance. - § 400. Pensions; insurance. Subject to such regulations as the...

401 - Official Communications to Be Submitted to Directors and Noted in Minutes. - § 401. Official communications to be submitted to directors and...

403 - Examination by Directors. - § 403. Examination by directors. 1. Once in each calendar...

404 - Reports to the Superintendent; Penalty for Failure to Make. - § 404. Reports to the superintendent; penalty for failure to...

404-A - Photographic Reproduction of Records. - § 404-a. Photographic reproduction of records. Any photograph, microphotograph or...

405 - Annual Report to Shareholders; Delivery and Publication. - § 405. Annual report to shareholders; delivery and publication. Every...

406 - Charters Conformed to This Article; Obligations and Rights Unimpaired; Saving Clause; Applicability to Stock-Form Savings and Loan Associations. - § 406. Charters conformed to this article; obligations and rights...

407 - Exemptions. - § 407. Exemptions. Savings and loan associations shall be deemed...

409 - Conversion of a State Savings and Loan Association Into a Federal Savings and Loan Association. - § 409. Conversion of a state savings and loan association...

410 - Conversion of a Federal Savings and Loan Association Into a State Savings and Loan Association. - § 410. Conversion of a federal savings and loan association...

411 - Conversion of a Savings and Loan Association or Federal Savings and Loan Association Into a Savings Bank. - § 411. Conversion of a savings and loan association or...

412 - Conversion of Federal Savings Institutions to State Charter. - § 412. Conversion of federal savings institutions to state charter....

413 - Reciprocal Interstate Acquisitions. - (a) the term "savings association" shall have the same meaning...

Article 10-A - State Savings and Loan Insurance Fund

420 - Definitions. - § 420. Definitions. When used in this article unless the...

420-A - State Savings and Loan Insurance Fund. - § 420-a. State savings and loan insurance fund. 1. There...

420-B - Purposes of the Fund. - § 420-b. Purposes of the fund. The fund shall insure...

420-C - General Powers of the Fund. - § 420-c. General powers of the fund. Except as otherwise...

420-D - Capital Stock; Advance Premiums; Other Fiscal Provisions. - § 420-d. Capital stock; advance premiums; other fiscal provisions. 1....

420-E - Exemption From Taxation. - § 420-e. Exemption from taxation. It is hereby found, determined...

420-F - Use of Fund Name Prohibited; Penalties for Violation. - § 420-f. Use of fund name prohibited; penalties for violation....

420-G - Insurance of Accounts and Eligibility Provisions. - § 420-g. Insurance of accounts and eligibility provisions. 1. It...

420-H - Premiums on Insurance. - § 420-h. Premiums on insurance. 1. Each savings and loan...

420-I - Payment of Insurance. - § 420-i. Payment of insurance. 1. Each savings and loan...

420-J - Liquidation of Insured Savings and Loan Associations. - § 420-j. Liquidation of insured savings and loan associations. 1....

420-K - Termination of Insurance. - (i) The member pay a termination fee equivalent to twice...

420-L - Savings and Loan Bank Eligible as Fiscal Agent. - § 420-l. Savings and loan bank eligible as fiscal agent....

Article 10-B - Savings and Loan Bank of the State of New York

432 - Incorporation; Organization Certificate. - § 432. Incorporation; organization certificate. When authorized by the superintendent...

433 - Proposed By-Laws. - § 433. Proposed by-laws. The incorporators shall subscribe and acknowledge...

434 - When Corporate Existence Begins; Conditions Precedent to Commencing Business. - § 434. When corporate existence begins; conditions precedent to commencing...

435 - General Powers. - (b) Such as shall be mortgaged to it in good...

436 - Restrictions on Powers. - § 436. Restrictions on powers. The savings and loan bank...

437 - Redemption of Bonds and Notes; Procedure in Event of Default. - § 437. Redemption of bonds and notes; procedure in event...

438 - Surplus Account. - § 438. Surplus account. 1. The savings and loan bank...

439 - Membership; Liability; Transfer of Shares. - § 439. Membership; liability; transfer of shares. 1. Membership in...

440 - Commissions and Payment of Expenses. - § 440. Commissions and payment of expenses. The savings and...

441 - Qualifications and Disqualification of Directors; Oath of Directors. - § 441. Qualifications and disqualification of directors; oath of directors....

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New York Laws BNK - Banking

New York Laws
BNK - Banking