New York Banking Law Article 3-A - BANK HOLDING COMPANIES; CONTROL OF BANKING INSTITUTIONS
- 141 - Definitions.
1. "Banking institution," when used in this article, means a bank, a trust company, a stock-form savings bank or a stock-form savings and loan association....
- 142 - Limitations On, and Regulation Of, Bank Holding Companies.
1. It shall be unlawful for any person knowingly to borrow, directly or indirectly, any money or property for the purpose of enabling such person...
- 142-a - Limitation on Acquisition of Newly Chartered Banking Institutions.
1. No bank holding company may acquire control of any banking institution which has been chartered for less than five years and has its principal...
- 143 - Limitations on Directors, Officers and Employees.
1. Every director of a bank holding company who is contingently obligated on any loan or other extension of credit made by a banking subsidiary...
- 143-a - Acquisitions by Companies of All the Capital Stock of Banks and Trust Companies; No Change of Ultimate Control.
1. A company having capital stock or membership interests may acquire all the capital stock or membership interests of one or more corporations organized under...
- 143-b - Acquisition by Companies of Control of Banking Institutions.
1. It shall be unlawful except with the prior approval of the superintendent for any company to acquire control of any banking institution, directly or...
- 145 - Penalties; Restraining Orders and Injunctions.
1. Any company which wilfully violates any provision of this article is guilty of a misdemeanor and upon conviction thereof shall be fined not more...
- 146 - Saving Provision.
Nothing herein contained shall be interpreted or construed as approving any act, action or conduct which is or has been or may be in violation...
- 147 - Separability of Provisions.
If any provision of this article, or the application of such provision to any individual, company or circumstance, shall be held invalid, the remainder of...
Last modified: February 3, 2019