N.Y. Banking Law Section 200-B
Actions maintained against foreign banking corporation

  • residents
  • foreign corporations, foreign banking corporations as non-residents

1.

An action or special proceeding against a foreign banking corporation may be maintained by a resident of this state for any cause of action. For purposes of this subdivision one, the term “resident of this state” shall include any corporation formed under any law of this state.

2.

Except as otherwise provided in this chapter, an action or special proceeding against a foreign banking corporation may be maintained by another foreign corporation or foreign banking corporation or by a non-resident in the following cases only:

(a)

where the action is brought to recover damages for the breach of a contract made or to be performed within this state, or relating to property situated within this state at the time of the making of the contract;

(b)

where the subject matter of the litigation is situated within this state;

(c)

where the cause of action arose within this state, except where the object of the action or special proceeding is to affect the title of real property situated outside this state;

(d)

where the action or special proceeding is based on a liability for acts done within this state by a foreign banking corporation;

(e)

where the defendant is a foreign banking corporation doing business in this state.

3.

The limitations contained in subdivision two do not apply to a corporation formed and existing under the laws of the United States and which maintains an office in this state.

Source: Section 200-B — Actions maintained against foreign banking corporation; residents; foreign corporations, foreign banking corporations as non-residents, https://www.­nysenate.­gov/legislation/laws/BNK/200-B (updated Sep. 22, 2014; accessed Apr. 13, 2024).

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 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 201–B
Fiduciary powers of foreign banking corporations 201–C
Notice of acquisition of control or merger 202
Rates of interest 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 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 204–A
Payment of claims by foreign banking corporations where adverse claim is asserted 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
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Accessed:
Apr. 13, 2024

Last modified:
Sep. 22, 2014

§ 200-B’s source at nysenate​.gov

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