N.Y. Banking Law Section 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 5 (Foreign Banking Corporations and National Banks)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 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.

Source: Section 26 — Licenses to foreign banking corporations; renewal, https://www.­nysenate.­gov/legislation/laws/BNK/26 (updated Sep. 22, 2014; accessed Apr. 13, 2024).

10
Declaration of policy 11
Department of financial services 12–A
Power of state chartered banking institutions to exercise the rights of counterpart federally chartered banking institutions 14
Additional powers of the superintendent 14–A
Rate of interest 14–B
Power of the superintendent of financial services to prescribe minimum rate of interest on mortgage escrow accounts 14–C
Power of the superintendent of financial services to prescribe criteria for disclosure of information on savings and time accounts 14–D
Power of the superintendent of financial services to prescribe a reasonable period of time permitting the drawing on items received for d... 14–E
Power of the superintendent to authorize the operation of savings banks and savings and loan associations in stock form 14–F
Power of the superintendent of financial services to require the provision of basic banking services 18
Fees for copies and certifications 18–A
Application fees 18–B
Holocaust reparations payment fees 19
Assessments for deficiency in reserves against deposits 20
Assessments, penalties and forfeitures entitled to priority 21
Collection of assessments, penalties and forfeitures 22
Fingerprints 23
Acceptance or rejection of certificate 24
Investigation by superintendent 25
Authorization certificate 25–A
Authority of superintendent to file organization certificate and issue authorization certificate under certain conditions 26
Licenses to foreign banking corporations 27
Exchange and examination of securities 28
Change of location 28–A
Temporary change of location 28–B
Credit needs of local communities 28–BB
Credit needs of local communities 28–C
Branch office closings 29
Branch offices 30
Unclaimed amounts 31
Index of persons entitled to unclaimed amounts 32
Insurance of deposits and share accounts 33
Reserve depositaries 34
Superintendent as attorney to accept service of process 36
Examinations 36–A
Reports of lending by banking organizations 36–B
Preservation of books and records 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 44
Violations 44–A
Violations and penalties 45
Export finance awareness program
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Accessed:
Apr. 13, 2024

Last modified:
Sep. 22, 2014

§ 26’s source at nysenate​.gov

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