State Codes and Statutes

Statutes > New-york > Bnk > Article-2 > 26

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

State Codes and Statutes

Statutes > New-york > Bnk > Article-2 > 26

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

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-2 > 26

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