BNK - Banking
- Article 1 - (1 - 9-U) SHORT TITLE; DEFINITIONS; MISCELLANEOUS PROVISIONS.
- 1 - Short title.
- 2 - Definitions.
- 2-A - Limited liability investment company; definitions.
- 2-B - Limited liability trust companies; definitions.
- 3 - Division of state into banking districts.
- 4 - Information to be given to social services officials, state department of social services, state department of mental hygiene, the mental hygiene lega
- 4-A - Banks to display signs.
- 4-B - Advertising.
- 4-C - Exemptions from certain provisions of chapter.
- 5 - Loans pursuant to the "Servicemen's Readjustment Act of 1944."
- 6 - Investment in obligations of housing corporations indirectly guaranteed pursuant to the "Servicemen's Readjustment Act of 1944".
- 6-A - Investment in obligations of certain persons sixty-five years of age or over incurred to satisfy real property tax indebtedness.
- 6-C - Application forms to be made available; certain cases.
- 6-D - Requirement to state in writing reason for denial of mortgage loan.
- 6-E - Graduated payment mortgages authorized.
- 6-F - Alternative mortgage instruments made by banks, trust companies, savings banks, savings and loan associations and credit unions.
- 6-G - Override of certain provisions of United States Public Law 97-320.
- 6-H - Reverse mortgage loans authorized.
- 6-I - Mortgage loans.
- 6-J - Proof of insurance.
- 6-K - Real property insurance escrow accounts.
- 6-L - High-cost home loans.
- 6-M - Subprime home loans.
- 7 - Payment of dividends or interest upon unclaimed deposits or shares; limitation of charges in connection with savings accounts.
- 8 - Deposits by custodian designated by administrator of veterans' affairs, or by person certified by social security administration.
- 9 - Checks drawn against corporate funds or payable to corporations; no notice of defense against or claim to check.
- 9-A - Defense of ultra vires.
- 9-B - Actions or special proceedings by superintendent or attorney-general.
- 9-C - Superintendent's or attorney-general's action for judicial dissolution.
- 9-D - Enforcement of section two hundred ninety-six-a of the executive law.
- 9-F - Geographic discrimination in making mortgage loans prohibited.
- 9-G - Right of set off.
- 9-H - Imposition of service charges prohibited.
- 9-I - Close-out fees prohibited in certain cases.
- 9-I*2 - Prohibition on depositor of early withdrawal penalty in certain cases.
- 9-J - Disposal of records; customer accounts.
- 9-K - Sale of education loans.
- 9-M - Return of checks.
- 9-N - Trust accounts; address of beneficiary.
- 9-O - Mortgage loans; disclosure form.
- 9-P - Acceptance of certain checks for deposit.
- 9-Q - Small business and small farm loans.
- 9-R - Geographic restrictions.
- 9-S - Preauthorized electronic fund transfers.
- 9-T - Unsolicited mail-loan checks.
- 9-U - ATM transactions by persons using foreign bank accounts.
- Article 2 - (10 - 45) BANKING DEPARTMENT; SUPERINTENDENT OF BANKS; SUPERVISORY AND REGULATORY POWERS
- 10 - Declaration of policy.
- 11 - Banking department; official documents; destruction of documents; official communications.
- 12 - Superintendent of banks; acting superintendent; discretion.
- 12-A - Power of state chartered banking institutions to exercise the rights of counterpart federally chartered banking institutions.
- 13 - Banking board.
- 14 - Powers of the banking board.
- 14-A - Rate of interest; banking board to adopt regulations.
- 14-B - Power of the banking board to prescribe minimum rate of interest on mortgage escrow accounts.
- 14-C - Power of the banking board to prescribe criteria for disclosure of information on savings and time accounts.
- 14-D - Power of the banking board to prescribe a reasonable period of time permitting the drawing on items received for deposit in a customer's account.
- 14-E - Power of the banking board to authorize the operation of savings banks and savings and loan associations in stock form.
- 14-F - Power of the banking board to require the provision of basic banking services.
- 15 - Deputies, clerks, examiners, special agents and other employees; appointment; compensation; oath of office; bonds; powers of deputies.
- 16 - Restrictions on officers and employees of the department; penalty.
- 17 - Expenses of department; assessments.
- 18 - Fees for copies and certifications.
- 18-A - Application fees.
- 19 - Assessments for deficiency in reserves against deposits.
- 20 - Assessments, penalties and forfeitures entitled to priority.
- 21 - Collection of assessments, penalties and forfeitures; proceedings by attorney general.
- 22 - Fingerprints.
- 23 - Acceptance or rejection of certificate; investigation fees.
- 24 - Investigation by superintendent; refusal or approval; filing certificate.
- 25 - Authorization certificate; when and to whom issued; contents; filing and recording.
- 25-A - Authority of superintendent to file organization certificate and issue authorization certificate under certain conditions.
- 26 - Licenses to foreign banking corporations; renewal.
- 27 - Exchange and examination of securities.
- 28 - Change of location; change of designation of principal office; approval or refusal; certificate.
- 28-A - Temporary change of location; approval or refusal; certificate.
- 28-B - Credit needs of local communities.
- 28-C - Branch office closings; report to and action by the superintendent.
- 29 - Branch offices; public accommodation offices; approval or refusal; certificate; investigation fee.
- 30 - Unclaimed amounts; deposit by superintendent in trust; preference; release of debtor.
- 31 - Index of persons entitled to unclaimed amounts; payment to persons entitled; deduction of service charge.
- 32 - Insurance of deposits and share accounts.
- 33 - Reserve depositaries.
- 34 - Superintendent as attorney to accept service of process.
- 36 - Examinations; right of inspection; penalties for refusing to permit examination.
- 36-A - Reports of lending by banking organizations.
- 37 - Reports to superintendent.
- 37-A - Submission of annual reports by the Holocaust claims processing office.
- 38 - Power of subpoena.
- 39 - Orders of superintendent.
- 40 - Revocation of authorization certificate or license or suspension of activities in certain cases.
- 41 - Removal of director, trustee or officer.
- 42 - Official acts of superintendent and details of department business to be made public.
- 43 - Annual report of superintendent.
- 44 - Violations; penalties.
- 44-A - Violations and penalties; failure to make reports.
- 45 - Export finance awareness program.
- Article 2-AA - (75-A - 75-O) ATM SAFETY ACT
- 75-A - Legislative intent.
- 75-B - Definitions.
- 75-C - Security measures.
- 75-D - List of facilities.
- 75-E - Consumer safety information.
- 75-F - Enforcement and statistics.
- 75-G - Report of compliance.
- 75-H - Compliance with local building code and all other applicable provisions of law.
- 75-I - Facilities not subject to this article.
- 75-J - Civil penalties.
- 75-K - Collection of penalties.
- 75-L - Preemption.
- 75-M - Variances and exemptions from automated teller machine security measures.
- 75-N - Rules and regulations.
- 75-O - Severability.
- Article 2-B - (76 - 80) FINANCIAL FRAUDS PREVENTION ACT
- Article 2-C - (85 - 87) COMMUNITY BANK DEPOSIT PROGRAM
- Article 3 - (94 - 140-A) BANKS AND TRUST COMPANIES
- 94 - Change from bank to trust company; from trust company to bank.
- 96 - General powers.
- 96-A - Servicing of mortgages by banks.
- 96-B - Payroll payment by banks or trust companies.
- 96-C - Power to act as trustee under self-employed retirement trust or individual retirement trust.
- 96-D - Banking development districts.
- 97 - Power to purchase securities and stocks.
- 98 - Power to take and hold real estate; restrictions.
- 98-A - Club accounts.
- 100 - Fiduciary powers.
- 100-A - Fiduciary capacities; appointment by court authorized; bond; oath; accounting.
- 100-B - Investments as fiduciary; when interest is to be paid; preference.
- 100-C - Common trust funds.
- 100-D - Foreign common trust funds.
- 101 - Additional powers of certain trust companies.
- 102 - Powers of specially chartered trust companies.
- 102-A - Limited liability trust companies.
- 103 - Restrictions on loans, purchases of securities and total liabilities to bank or trust company of any one person.
- 104 - Entries in books; restrictions; amortization of securities.
- 105 - Branch offices; prohibition against doing business at unauthorized places.
- 105-A - Electronic facilities.
- 105-B - Trust offices.
- 106 - Deposits by banks and trust companies with other banking corporations and private bankers; restrictions.
- 107 - Reserves against deposits.
- 107-A - Security for public deposits.
- 108 - Rates of interest; installment obligations; personal loan departments.
- 108-A - Acceptance of United States currency.
- 109 - Closing of books; profits; how to be computed.
- 110 - Surplus fund; of what composed, and for what purposes used.
- 111 - Profits; credits to surplus fund and to undivided profits.
- 112 - Dividends; payable from net profits; restrictions.
- 113 - Change of location; change of designation of principal office.
- 114 - Assessment of stockholders to make good impairment of capital stock; sale of stock.
- 121 - Reports to directors.
- 122 - Examinations of banks and trust companies by directors; employment of assistants.
- 123 - Reports of directors' examinations.
- 124 - Communications from banking department to be submitted to directors and noted in minutes.
- 125 - Reports to superintendent; penalty for failure to make.
- 128 - Preservation of books and records.
- 129 - Requirement of notice on withdrawal of certain time deposits; notice to superintendent.
- 130 - Restrictions on officers, directors and employees.
- 131 - Prohibitions against encroachments upon certain powers of banks and trust companies.
- 132 - Use of sign, or words, indicating bank or trust company by unauthorized persons prohibited.
- 133 - Use of banking institution name.
- 134 - Repayment of deposits standing in the names of minors, trustees or joint depositors; repayment where adverse claim is asserted; interpleader in certai
- 136 - Change of national banking association into state bank by conversion or merger.
- 136-A - Purchase of assets of national banking association by bank or trust company.
- 136-B - Approval of superintendent.
- 136-C - Effect of merger or conversion of national banking association into state bank.
- 137 - Change of state bank into national banking association by conversion, merger or consolidation.
- 138 - Foreign branches; performance of contracts and repayment of deposits.
- 139 - Saving clause.
- 140-A - Stock option plans.
- Article 3-A - (141 - 147) BANK HOLDING COMPANIES
- 141 - Definitions.
- 142 - Limitations on, and regulation of, bank holding companies.
- 142-A - Limitation on acquisition of newly chartered banking institutions.
- 143 - Limitations on directors, officers and employees.
- 143-A - Acquisitions by companies of all the capital stock of banks and trust companies; no change of ultimate control.
- 143-B - Acquisition by companies of control of banking institutions.
- 145 - Penalties; restraining orders and injunctions.
- 146 - Saving provision.
- 147 - Separability of provisions.
- Article 3-B - (150 - 155) SUBSIDIARY TRUST COMPANIES
- Article 4 - (160 - 181) PRIVATE BANKERS.
- 160 - Verified certificate.
- 161 - Authorization certificate.
- 162 - Permanent capital; increase or decrease.
- 163 - Restrictions as to place of business.
- 164 - Change of location.
- 165 - Segregation of investments; title to be taken in descriptive name.
- 166 - Depositors preferred in case of failure or suspension.
- 167 - Reserves against deposits.
- 168 - Restrictions on acceptance of deposits and payment of interest.
- 171 - Repayment of deposits standing in the names of minors, trustees or joint depositors; repayment where adverse claim is asserted; interpleader in certai
- 172 - Restrictions on investments.
- 173 - Rate of interest; effect of usury.
- 174 - Restrictions on purchases of, and loans on real estate.
- 175 - Books and records.
- 176 - Reports required by superintendent; penalty for failure to make.
- 177 - Official communications from superintendent.
- 178 - Business of deceased private banker; continuation; liquidation.
- 179 - Effect of revocation of authorization certificate.
- 180 - Prohibitions against encroachment upon certain powers of private bankers, savings banks and savings and loan associations.
- 181 - Exemptions of certain private bankers.
- Article 4-A - (190 - 195) PUBLIC ACCOMMODATION OFFICES OF BANKS, TRUST COMPANIES, SAVINGS BANKS, SAVINGS AND LOAN ASSOCIATIONS AND FOREIGN BANKING CORPORATIONS
- 190 - Application of article; definition.
- 191 - Public accommodation offices authorized.
- 192 - Location of public accommodation office.
- 193 - Limitation upon business which may be transacted at public accommodation office.
- 194 - Public accommodation office not deemed branch office.
- 195 - Rules, regulations and orders.
- Article 5 - (200 - 209) 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-B - Actions maintained against foreign banking corporation; residents; foreign corporations, foreign banking corporations as non-residents.
- 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-F - Restrictions on loans, purchases of securities and total liabilities of any one person to New York branch or agency of foreign bank.
- 202-G - Succession to agency by branch and to branch by agency.
- 202-H - Repayment of deposits standing in the names of minors, trustees, joint depositors or custodians; interpleader in certain actions.
- 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.
- 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
- 206 - Termination of existence.
- 207 - Service of process on unlicensed corporation formed under laws other than the statutes of this state.
- 208 - Nondiscriminatory treatment of insured state banks and national banks.
- 209 - Restrictions on executive officers of foreign banking corporations and national banks.
- Article 5-A - (210 - 220) NEW YORK BUSINESS DEVELOPMENT CORPORATION
- Article 5-B - (221-A - 221-K) LICENSE FOR A FOREIGN BANKING CORPORATION TO MAINTAIN A REPRESENTATIVE
- 221-A - Doing business without license prohibited.
- 221-B - Definitions.
- 221-C - Application for license; fees.
- 221-D - Conditions precedent to issuing license; procedure where application denied.
- 221-E - License provisions.
- 221-F - Grounds for suspension or revocation of license; procedure.
- 221-G - Superintendent authorized to examine; expenses.
- 221-H - Licensee's books and records; reports.
- 221-I - Notice of acquisition of control or merger.
- 221-J - Authority of superintendent.
- 221-K - Separability of provisions.
- Article 5-C - (222 - 227-C) INTERSTATE BRANCHING
- 222 - Definitions.
- 223 - Initial entry by out-of-state banks.
- 223-A - Limitations on acquisition of a newly chartered New York bank.
- 223-B - Initial entry by out-of-state banks by de novo branching.
- 223-C - Application for the establishment of a de novo branch by an out-of-state state bank.
- 224 - Establishment of additional branches by out-of-state state banks.
- 225 - Interstate acquisition transactions.
- 225-A - Power of superintendent to examine branches or trust offices of out-of-state state banks.
- 225-B - Applicability of certain sections to out-of-state banks.
- 226 - Powers of out-of-state state banks.
- 227 - Powers permitted to out-of-state branches of New York banks.
- 227-B - Rules and regulations.
- 227-C - Separability of provisions.
- Article 5-D - (228-A - 228-F) SMALL BUSINESS INVESTMENT COMPANIES
- Article 6 - (229 - 260-B) SAVINGS BANKS
- 229 - Application.
- 230 - Incorporation; organization certificate.
- 232 - Organization certificate to be submitted to superintendent; proof of publication and service of notice of intention.
- 233 - When corporate existence begins; conditions precedent to commencing business.
- 234 - General powers.
- 234-A - Settlement, modification or readjustment of investment.
- 234-B - Trust powers.
- 235 - Investment of funds.
- 235-B - Effect of usury.
- 235-C - Regulation of certain charges.
- 235-D - Service corporations owned by savings banks; authorized activities of such corporations; investment therein.
- 236 - Deposits by savings banks with other banking corporations and private bankers; restrictions.
- 237 - Deposits with savings banks; restrictions.
- 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
- 239-A - Preservation of books and records.
- 240 - Restrictions as to place of business; branch offices.
- 240-A - Electronic facilities.
- 240-B - Acceptance of United States currency.
- 241 - Change of location; change of designation of principal office.
- 242 - Assets; how entered and carried on books; disallowance by superintendent.
- 243 - Surplus fund.
- 244 - Earnings; how and when to be computed; transfers to surplus fund.
- 245 - Interest payments.
- 246 - Board of trustees; number; vacancies; qualifications; oath and declaration.
- 246-A - Executive committee and other committees.
- 247 - Restrictions upon trustees and officers.
- 248 - Removal and forfeiture of office of trustee.
- 249 - Compensation of trustees and officers.
- 250 - Pensions; insurance.
- 251 - Meetings; quorum; by-laws; officers.
- 252 - Reports to trustees.
- 253 - Official communications from banking department to be submitted to trustees and noted in minutes.
- 254 - Examinations by trustees.
- 255 - Reports to superintendent; penalty for failure to make.
- 255-A - Publication and delivery of annual report.
- 256 - Photographic reproduction of records.
- 257 - Duties of trustees and officers.
- 258 - Prohibition of unauthorized savings banks and use of the word "savings"; exception as to school savings.
- 260 - Charters of all savings banks conformed to this article.
- 260-B - Conversion of a savings bank into a savings and loan association.
- Article 6-B - (282 - 289-B) FUND FOR INSURING DEPOSITS IN SAVINGS BANKS AND/OR OTHERWISE PROTECTING DEPOSITORS
- 282 - Creation of fund.
- 283 - Management of fund.
- 284 - Agreement; filing and provisions thereof.
- 285 - Powers which may be granted to trustee.
- 286 - Taxation and exemption of property held in fund; exemption of mortgages from mortgage recording tax.
- 287 - Member savings banks.
- 288 - Contributions as assets.
- 289 - Confirmation of powers.
- 289-A - Immunity of trustee and member savings banks.
- 289-B - Construction.
- Article 6-C - (290 - 294) MUTUAL HOLDING COMPANIES
- Article 8 - (317 - 330) SAFE DEPOSIT COMPANIES.
- 317 - General powers.
- 318 - Branch offices.
- 319 - Limitations upon the powers of safe deposit companies.
- 320 - Books and records.
- 321 - Change of location; change of designation of principal office.
- 323 - Assessment of stockholders to make good impairment of capital; sale of stock.
- 324 - Change of control.
- 327 - Use of sign or words indicating safe deposit company by unauthorized persons prohibited.
- 328 - Communications from banking department must be submitted to directors and noted in minutes.
- 329 - Reports to superintendent; penalty for failure to make.
- 330 - Liability of safe deposit company for assessments by superintendent.
- Article 8-A - (332 - 338) SAFE DEPOSIT BUSINESS
- 332 - Definitions.
- 333 - Access to safe deposit boxes by certain fiduciaries.
- 334 - Leases to minors.
- 335 - Special remedies where rental of safe deposit box is not paid or when safe deposit box is not vacated on termination of lease.
- 336 - Special remedies where property is deposited.
- 337 - Sale of safe deposit business.
- 338 - Notice to renters of safe deposit boxes regarding insurance.
- Article 9 - (340 - 361) LICENSED LENDERS
- 340 - Doing business without license prohibited.
- 341 - Application for license; fees; capital requirements.
- 342 - Conditions precedent to issuing license; procedure where application denied.
- 343 - License provisions; separate license for each place of business; change of location.
- 344 - Issuance of license upon acquisition of business of licensed lender.
- 345 - Application for acquisition of control of licensed lender by purchase of stock.
- 347 - Grounds for revocation or suspension of license; procedure.
- 348 - Superintendent authorized to examine.
- 349 - Licensee's books and records; reports.
- 350 - Restrictions concerning advertising, liens on real estate, and places where loans made.
- 351 - Restrictions on loans subject to the provisions of this article; interest; other charges.
- 352 - Acts required of licensees; acts prohibited.
- 353 - Limitation on licensee's charges on certain loans.
- 354 - Restrictions on assignments of compensation for services.
- 355 - Solicitation of loans.
- 356 - Restrictions on certain loans by non-licensees, interests, other charges; loans made outside this state.
- 357 - Insurance.
- 358 - Penalties.
- 359 - Authority of superintendent.
- 360 - Short title.
- 361 - Severability.
- Article 9-A - (366 - 374) LICENSED CASHERS OF CHECKS
- 366 - Definitions.
- 367 - License requirements; fees; capital requirements.
- 369 - Conditions precedent to issuing license; issuance and filing of license; posting license.
- 370 - Restrictions as to place or area of doing business; establishment of stations; change of location.
- 370-A - Changes in control.
- 371 - Regulations.
- 372 - Fees and charges; posting schedule; records and reports.
- 372-A - Superintendent authorized to examine.
- 372-B - Forged checks for cashing; signage.
- 373 - Acts prohibited; suspension or revocation of license; penalties.
- 374 - Application of article.
- Article 10 - (375 - 413) SAVINGS AND LOAN ASSOCIATIONS
- 375 - Incorporation; organization certificate.
- 376 - Proposed by-laws.
- 377 - When corporate existence begins.
- 378 - Power to issue shares; dues thereon.
- 378-A - Time deposits.
- 378-B - Club accounts.
- 378-C - Excelsior linked deposit program.
- 378-D - Preservation of books and records.
- 378-E - Water pollution control linked deposit program.
- 379 - Power to invest in securities.
- 379-B - Service corporation owned by associations; authorized activities of such corporation; investment therein.
- 380 - Power to make loans.
- 380-A - Power to purchase mortgage, loan or investment.
- 380-B - Power to purchase mortgages from mortgage holders.
- 380-C - Power to participate in certain loans and mortgage investments.
- 380-E - Effect of usury.
- 380-F - Power to make advances of federal funds.
- 380-G - Power to engage in line of credit financing of residential real estate.
- 380-H - Trust powers.
- 380-I - Personal loan departments.
- 380-J - Authorization to acquire and lease personal property.
- 380-K - Investment in promissory notes.
- 380-L - Excelsior linked deposit program.
- 380-M - Water pollution control linked deposit program.
- 381 - Power to take and hold real estate; restrictions.
- 382 - Power to borrow.
- 382-A - Power to act as trustee under self-employed retirement trust and of individual retirement account; investment in savings account.
- 382-B - Power to issue certain obligations.
- 383 - Other powers.
- 383-A - Rental of safe deposit boxes.
- 384 - Entries in books; restrictions; amortization of securities.
- 385 - Surplus account.
- 386 - Profits; how and when to be computed.
- 387 - Credits to surplus account and undivided profits; dividends to shareholders.
- 388 - Fines and penalties for failure to make payments on instalment shares.
- 389 - Matured shares; conversion into shares of another class upon notice.
- 390 - Withdrawal of unpledged shares; provisions for dividends.
- 392 - Retirement of shares; suspension; transfer.
- 393 - Repayment of mortgage loans; application of pledged shares.
- 394 - Joint shares; shares of minors; shares in trust.
- 395 - Alternative provisions relative to payment of interest to shareholders.
- 396 - Change of location; change of designation of principal office; maintenance of branch office.
- 396-A - Electronic facilities.
- 396-B - Acceptance of United States currency.
- 397 - Number, qualifications and disqualifications of directors; oath; quorum; meeting of directors.
- 397-A - Report to directors.
- 398 - Filling of vacancies in board of directors; change in number of directors.
- 398-A - Forfeiture of office of director.
- 398-B - Duties of directors and officers.
- 398-C - Executive committee and other committees.
- 399 - Restrictions on directors and officers.
- 399-A - Restrictions on holding of certain offices by executive officers of federal savings banks and federal savings associations.
- 400 - Pensions; insurance.
- 401 - Official communications to be submitted to directors and noted in minutes.
- 402 - Amendment of articles of association and by-laws; application to supreme court.
- 403 - Examination by directors.
- 404 - Reports to the superintendent; penalty for failure to make.
- 404-A - Photographic reproduction of records.
- 405 - Annual report to shareholders; delivery and publication.
- 406 - Charters conformed to this article; obligations and rights unimpaired; saving clause; applicability to stock-form savings and loan associations.
- 407 - Exemptions.
- 409 - Conversion of a state savings and loan association into a federal savings and loan association.
- 410 - Conversion of a federal savings and loan association into a state savings and loan association.
- 411 - Conversion of a savings and loan association or federal savings and loan association into a savings bank.
- 412 - Conversion of federal savings institutions to state charter.
- 413 - Reciprocal interstate acquisitions.
- Article 10-A - (420 - 420-L) STATE SAVINGS AND LOAN INSURANCE FUND
- 420 - Definitions.
- 420-A - State savings and loan insurance fund.
- 420-B - Purposes of the fund.
- 420-C - General powers of the fund.
- 420-D - Capital stock; advance premiums; other fiscal provisions.
- 420-E - Exemption from taxation.
- 420-F - Use of fund name prohibited; penalties for violation.
- 420-G - Insurance of accounts and eligibility provisions.
- 420-H - Premiums on insurance.
- 420-I - Payment of insurance.
- 420-J - Liquidation of insured savings and loan associations.
- 420-K - Termination of insurance.
- 420-L - Savings and loan bank eligible as fiscal agent.
- Article 10-B - (432 - 446) SAVINGS AND LOAN BANK OF THE STATE OF NEW YORK
- 432 - Incorporation; organization certificate.
- 433 - Proposed by-laws.
- 434 - When corporate existence begins; conditions precedent to commencing business.
- 435 - General powers.
- 436 - Restrictions on powers.
- 437 - Redemption of bonds and notes; procedure in event of default.
- 438 - Surplus account.
- 439 - Membership; liability; transfer of shares.
- 440 - Commissions and payment of expenses.
- 441 - Qualifications and disqualification of directors; oath of directors.
- 442 - Number of directors; filling of vacancies; change of number.
- 443 - Amendment of by-laws.
- 444 - Annual meeting; notice; voting.
- 445 - Preference of credits.
- 446 - Exemptions.
- Article 10-C - (447 - 447-D) MUTUAL HOLDING COMPANIES
- Article 11 - (450 - 487-A) CREDIT UNIONS
- 450 - Incorporation; organization certificate.
- 450-A - Designation of low income credit union.
- 450-B - Designation of student branches.
- 451 - Proposed bylaws.
- 452 - When corporate existence begins; conditions precedent to commencing business.
- 453 - Corporate credit unions.
- 454 - General powers.
- 455 - Trust powers.
- 456 - Limitations upon powers.
- 457 - Capital.
- 458-A - Maintenance of reserves.
- 459 - Allowance for loan loss.
- 460 - Dividends to shareholders; conditions precedent.
- 461 - Change of location; estblishment of stations; extension or revival of corporate existence.
- 462 - Foreign credit unions.
- 463 - Exemptions and individual liability of shareholders.
- 464 - Manner of withdrawal; expulsion or suspension of members; effect upon liabilities to credit unions.
- 465 - Withdrawal of shares after voting to liquidate; notices to shareholders.
- 466 - Meetings of shareholders; voting.
- 467 - Qualifications and disqualifications of directors and committee members.
- 468 - Oaths of directors; officers and members of committees.
- 469 - Vacancies; change in number of directors.
- 470 - Powers and duties of directors; not entitled to compensation; disqualification of directors.
- 471 - Duty of directors and officers.
- 472 - Special duties of directors.
- 473 - Loan officers, credit committee; duties.
- 474 - Loan reports to directors.
- 475 - Supervisory committee; powers and duties.
- 476 - Officers; powers and duties.
- 477 - Retirement and insurance benefits for officers and employees.
- 478 - Amendment of bylaws; approval of superintendent.
- 479 - Credit union not liable for taxation.
- 480 - Fiscal year.
- 481 - Communications from bankng department must be submitted to directors and supervisory committee, and noted in the minutes.
- 482 - Reports to superintendent; penalty for failure to make.
- 483 - Penalty for loans to non-members; recovery.
- 484 - Penality for use of term "credit union".
- 485 - Entries in books; preservation of records.
- 486 - Conversion of a federal credit union into a state credit union.
- 486-A - Retention of special additional mortgage recording tax exemption for converted federal credit unions.
- 487 - Conversion of a credit union into a federal credit union.
- 487-A - Conversion of a credit union into a mutual savings bank.
- Article 11-A - (490-A - 490-J) CREDIT UNION INSURANCE FUND
- 490-A - Creation of fund.
- 490-B - Management of fund.
- 490-C - Execution and filing of agreement.
- 490-D - Provisions of agreement.
- 490-E - Powers and duties of trustee or trustees.
- 490-F - Powers of superintendent to obtain payment from fund.
- 490-G - Payment of liquidating dividends on uninsured shares.
- 490-H - Exemption of fund from taxation.
- 490-I - Liability for payment of contributions.
- 490-J - Powers of credit unions with respect to agreement.
- Article 11-B - (491 - 502) SALES FINANCE COMPANIES
- 491 - Definitions.
- 492 - License.
- 492-A - Changes in control.
- 493 - Action by superintendent on application.
- 494 - License form; posting; limitations.
- 495 - Revocation, suspension or surrender of licenses.
- 496 - Judicial review.
- 497 - Investigations and examinations.
- 498 - Complaints.
- 498-A - Hearings and investigations; subpoena.
- 498-B - Regulations and rulings.
- 499 - Violations and penalties.
- 501 - Repeal of inconsistent acts.
- 502 - Severability.
- Article 12 - (507 - 520)
- 507 - Limited liability investment companies.
- 508 - General powers.
- 509 - Restrictions on powers of investment companies.
- 510 - Restrictions as to entries in books.
- 511 - Change of location; change of designation of principal office.
- 512 - Communications from banking department must be submitted to directors and noted in minutes.
- 513 - Reports to superintendent.
- 514 - Liability of investment company for assessments by superintendent.
- 515 - Preservation of records of investment company.
- 516 - Restrictions on officers, directors and other employees.
- 517 - How net earnings credited for dividend purposes, credits to surplus fund and to undivided profits, dividends to stockholders.
- 518 - Payment of claims by investment companies where adverse claim is asserted; effect of claims or advices originating in, and statutes, rules or regulati
- 519 - Acquisition of control of investment companies.
- 520 - Savings clause.
- Article 12-A - (550 - 553) MUTUAL TRUST INVESTMENT COMPANIES
- Article 12-B - (554 - 578) INSURANCE PREMIUM FINANCE AGENCIES
- 554 - Definitions.
- 555 - License.
- 555-A - Changes in control.
- 556 - Action by superintendent on application.
- 557 - License provisions and posting.
- 558 - Change of location.
- 559 - Grounds for revocation of license; procedure.
- 560 - Investigations and examinations.
- 561 - Regulations and rulings.
- 562 - Hearings and investigations; subpoena.
- 563 - Violations and penalties.
- 565 - Licensee's books and records; reports.
- 566 - Insurance agents and brokers; acquisition by premium finance agencies of premium finance agreements.
- 567 - Form and content of premium finance agreements.
- 568 - Limitation on service and other charges.
- 569 - Delinquency, collection and cancellation charges; attorney's fees.
- 570 - Restrictions on premium finance agreements.
- 571 - Delivery of copy of premium finance agreement.
- 572 - Notice of assignment; payments.
- 573 - Statement of account; receipts.
- 574 - Credit upon anticipation of payments.
- 575 - Refinancing.
- 576 - Cancellation of insurance contract upon default.
- 577 - Interpretation of article.
- 577-A - Premium finance agreements.
- 578 - Severability.
- Article 12-C - (579 - 587) BUDGET PLANNERS
- 579 - Doing business without license prohibited.
- 580 - Application for license.
- 581 - Conditions for issuance of a license; procedure where application denied.
- 582 - License provisions.
- 583 - Changes in officers or directors of licensee.
- 583-A - Changes in control.
- 584 - Grounds for suspension or revocation of license; procedure.
- 584-A - Contracts with debtors; fees.
- 584-B - Prohibited activities.
- 585 - Superintendent authorized to examine.
- 586 - Licensee's books and records; reports.
- 587 - Authority of superintendent.
- Article 12-D - (589 - 599) LICENSED MORTGAGE BANKERS
- 589 - Declaration of policy.
- 590 - Licensing.
- 590-A - Junior mortgage loans.
- 590-B - Responsibilities.
- 591 - Application for a mortgage banker's license; fees.
- 591-A - Application to register as a mortgage broker; fees.
- 592 - Application process to receive license to engage in the business of mortgage banking.
- 592-A - Application process to register as a mortgage broker.
- 593 - License provisions.
- 593-A - Registration provisions.
- 594 - Changes in officers and directors.
- 594-B - Changes in control.
- 595 - Grounds for suspension or revocation of license, or suspension or deletion of name from mortgage broker roll.
- 595-A - Regulation of mortgage brokers, mortgage bankers and exempt organizations.
- 595-B - Regulation of mortgage loan servicers.
- 596 - Superintendent authorized to examine; expenses.
- 597 - Books and records; reports and electronic filing.
- 598 - Additional penalties for violation of this article; civil, criminal; liquidated damages.
- 599 - Separability of provisions.
- Article 12-E - (599-A - 599-R) LICENSED MORTGAGE LOAN ORIGINATORS
- 599-A - Legislative purpose.
- 599-B - Definitions.
- 599-C - License required.
- 599-D - State license application.
- 599-E - Issuance of a license.
- 599-F - Pre-licensing educational requirements.
- 599-G - Testing of mortgage loan originators.
- 599-H - Mortgage call reports.
- 599-I - Standards for license renewal; inactive status.
- 599-J - Continuing education for mortgage loan originators.
- 599-K - Required surety bond.
- 599-L - Reports by the superintendent; permissive challenges by licensees.
- 599-M - Required records and reporting.
- 599-N - Enforcement authority; grounds for suspension or revocation of a mortgage loan originator license; restitution.
- 599-O - Rules, regulations and examinations.
- 599-P - Unique identifier.
- 599-Q - Confidentiality.
- 599-R - Construction.
- Article 13 - (600 - 634) 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 of a banking institution.
- 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.
- Article 13-A - (635 - 639) LICENSEES: SUPERINTENDENT'S TAKING POSSESSION: CONSERVATION: LIQUIDATION
- Article 13-B - (640 - 652-B) TRANSMITTERS OF MONEY
- 640 - Definitions.
- 641 - License.
- 642 - Action by superintendent.
- 643 - Bond or securities.
- 645 - Assignment of claims to superintendent.
- 646 - Investigations, hearings and reports.
- 647 - Judicial review.
- 648 - Agents.
- 649 - Rules and regulations.
- 650 - Violations and penalties.
- 651 - Investments.
- 651-A - Remittances.
- 651-B - Maintenance of books and records by agents.
- 652 - Severability.
- 652-A - Changes in control.
- 652-B - Tying arrangements.
- Article 13-C - (653 - 659) STATE TRANSMITTER OF MONEY INSURANCE FUND
- Article 13-D - (660 - 674-A) MISCONDUCT RELATING TO BANKING ORGANIZATIONS
- 660 - Misconduct of officers, directors, trustees, or employees of banking corporations and of private bankers.
- 661 - Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit.
- 662 - Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or making overdraft
- 663 - Receiving deposits in insolvent bank.
- 664 - Unlawful investments by officers of mutual savings banks.
- 665 - Misconduct by directors of banking corporations.
- 666-A - Loans to be guaranteed by New York state higher education assistance corporation.
- 668 - Use of checks with certain photographs or drawings reproduced thereon prohibited.
- 669 - Unauthorized use of the term "bank" or "trust company."
- 671 - False statements or rumors as to banking institutions.
- 672 - Falsification of books, reports or statements of private bankers or corporations subject to the banking law.
- 673 - Abstraction or misappropriation of money, funds or property, or misapplication of credit of private bankers or corporations to which the banking law i
- 674 - Presumption of knowledge of corporate condition and business and of assent thereto by directors; definitions.
- 674-A - Unlawful undertakings.
- Article 13-E - (675 - 678) JOINT DEPOSITS AND SHARES; Unauthorized Withdrawals; Withdrawals From Decedents' Accounts
- Article 14 - (700 - 702) Laws Repealed; Construction; When to Take Effect.
- Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
- Title 1 - (1001 - 1008) Definitions; Application; Certificates; Miscellaneous
- Title 2 - (2001) Corporate Powers
- Title 3 - (3001 - 3002) Corporate Name
- Title 4 - (4001 - 4005) Formation of Corporations
- Title 5 - (5001 - 5016) Corporate Finance
- Title 5-A - (5050) Limited Liability Investment Company or Limited Liability Trust Company Finance
- Title 6 - (6001 - 6029) Stockholders
- Title 6-A - (6050) Membership In A Limited Liability Investment Company Or A Limited Liability Trust Company
- Title 7 - (7001 - 7023) Directors and Officers
- Title 8 - (8001 - 8007) Amendments and Changes
- Article 16 - (9001 - 9019) General Provisions Applicable to Banking Non-Stock Corporations
- 9001 - Definitions.
- 9001-A - Fingerprints.
- 9002 - Application.
- 9003 - Certificates; requirements, signing, filing, effectiveness.
- 9004 - Certificates; corrections.
- 9005 - Nonexclusivity of statutory provisions for indemnification of directors and officers.
- 9006 - Authorization for indemnification of directors and officers.
- 9007 - Payment of indemnification other than by court award.
- 9008 - Indemnification of directors and officers by a court.
- 9009 - Other provisions affecting indemnification of directors and officers.
- 9010-A - Insurance for indemnification of directors and officers.
- 9011 - Certificates as evidence.
- 9012 - Corporate seal as evidence.
- 9013 - When notice or lapse of time unnecessary; notices dispensed with when delivery is prohibited.
- 9014 - Corporate name; general.
- 9015 - Corporate name; exceptions.
- 9016 - Change of name.
- 9017 - Place and time of meetings of the board; presence at.
- 9018 - Effect of invalidity of part of article; severability.
- 9019 - Certain provisions relating to the conversion of non-stock savings banks and savings and loan associations to stock form.