N.Y. Banking Law Section 7014
Removal of officers


1.

Any officer elected or appointed by the board may be removed by the board, or his authority suspended by it, with or without cause. Such removal or suspension without cause, however, shall be without prejudice to his contract rights. The election or appointment of an officer shall not be deemed of itself to create contract rights.

2.

This section does not affect the powers of the superintendent under section forty-one of this chapter.

Source: Section 7014 — Removal of officers, https://www.­nysenate.­gov/legislation/laws/BNK/7014 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 7014’s source at nysenate​.gov

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