N.Y. Banking Law Section 208
Nondiscriminatory treatment of insured state banks and national banks

Notwithstanding any other laws of this state, a state bank, which is incorporated in another state and whose deposits are insured by Federal Deposit Insurance Corporation, shall have the same protection, privileges and immunities, including the right to sue, collect debts, realize on collateral security, enforce liens, claims and obligations, and protect its property in this state, as a national bank whose principal office is located in the same state as such state bank, and such state bank and its shares, securities and evidences of indebtedness shall enjoy the same privileges, protections and immunities as those of such a national bank and shall not be subject to any disability, incapacity, restriction, regulation, penalty, fee, fine or taxation which is not imposed by this state in the case of such a national bank, provided however that this section shall not apply with respect to any state bank and its shares, securities and evidences of indebtedness unless such state bank’s state of incorporation has a statute with provisions substantially similar to this section which is applicable to a state bank incorporated in this state. As used in this section the term “state bank” shall mean any commercial bank or trust company.

Source: Section 208 — Nondiscriminatory treatment of insured state banks and national banks, https://www.­nysenate.­gov/legislation/laws/BNK/208 (updated Sep. 22, 2014; accessed Oct. 26, 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:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 208’s source at nysenate​.gov

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