New York Banking Law Article 5 - FOREIGN BANKING CORPORATIONS AND NATIONAL BANKS

• 200 - When Foreign Banking Corporation May Transact Business in This State.
  No foreign banking corporation, other than a bank organized under the laws of the United States, shall transact in this state the business of buying,...
• 200-a - Actions Maintained by a Foreign Banking Corporation.
  In maintaining an action or special proceeding in this state, a foreign banking corporation shall maintain such action or proceeding in like manner and subject...
• 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....
• 200-c - Maintenance of Books, Accounts and Records.
  Every foreign banking corporation licensed pursuant to this chapter to maintain one or more branches, agencies or representative offices in this state shall maintain or...
• 201 - Conditions to Be Complied With by Foreign Banking Corporations Applying for Initial License.
  Every foreign banking corporation before being licensed by the superintendent to transact in this state the business of buying, selling, paying or collecting bills of...
• 201-a - Rights and Privileges of Foreign Banking Corporation Under License; Effect of Revocation.
  1. When the superintendent shall have issued a license as provided in section twenty-six of this chapter to any such foreign banking corporation, it may...
• 201-b - Fiduciary Powers of Foreign Banking Corporations.
  Every foreign banking corporation licensed pursuant to article two of this chapter to maintain one or more branches or agencies in this state, and holding...
• 201-c - Notice of Acquisition of Control or Merger.
  1. A foreign banking corporation licensed pursuant to article two of this chapter to maintain a branch or agency in this state shall file with...
• 202 - Rates of Interest; Installment Obligations; Personal Loan Departments; Effect of Usury
  202. Rates of interest; installment obligations; personal loan departments; effect of usury. Branches and agencies of foreign banking corporations licensed to do business in this...
• 202-a - Restrictions on Receiving Deposits.
  1. A foreign banking corporation licensed pursuant to article two of this chapter to maintain one or more agencies in this state shall not engage...
• 202-b - Maintenance of Assets in This State.
  * 1. Upon opening a branch or agency and thereafter, a foreign banking corporation licensed pursuant to article two of this chapter shall keep on...
• 202-c - Reserves Against Deposits.
  Each such foreign banking corporation which is authorized to maintain a branch or branches in this state shall maintain such reserves against the deposits of...
• 202-d - Foreign Banking Corporation May Not Maintain Both Agencies and Branches in This State.
  No foreign banking corporation licensed to maintain one or more agencies in this state shall be licensed to maintain a branch in this state except...
• 202-f - Restrictions on Loans, Purchases of Securities and Total Liabilities of Any One Person to New York Branch or Agency of Foreign Bank.
  Before opening a branch or agency in this state, and annually thereafter so long as a branch or agency is maintained in this state, a...
• 202-g - Succession to Agency by Branch and to Branch by Agency.
  Notwithstanding any other provision of this chapter, the superintendent may, subject to such regulations as he may adopt, authorize the conversion of a foreign banking...
• 202-h - Repayment of Deposits Standing in the Names of Minors, Trustees, Joint Depositors or Custodians; Interpleader in Certain Actions.
  1. Any minor may endorse a check payable to his order for the purpose of depositing the proceeds in a deposit in his name with...
• 202-i - Safe Deposit Business of Branches.
  Each such foreign banking corporation which is authorized to maintain a branch or branches in this state may (a) receive upon deposit for safe-keeping for...
• 202-j - Power to Act As Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust.
  Each such foreign banking corporation which is authorized to maintain a branch or branches in this state the deposits of which are insured by the...
• 203 - Change of Location, Name or Business.
  Any foreign corporation licensed pursuant to article two of this chapter to engage in business in this state, may make a written application to the...
• 204 - Reports of Foreign Banking Corporations; Penalties.
  Every foreign banking corporation licensed by the superintendent to engage in business in this state, shall at such times and in such form as the...
• 204-a - Payment of Claims by Foreign Banking Corporations Where Adverse Claim is Asserted; Effect of Claims or Advices Originating In, and Statutes, Rules or
  regulations purporting to be in force in occupied territory; performance of contracts and repayment of deposits performable or repayable at foreign offices of foreign banking...
• 206 - Termination of Existence.
  When a foreign banking corporation licensed pursuant to article two of this chapter is dissolved or its authority or existence is otherwise terminated or cancelled...
• 207 - Service of Process on Unlicensed Corporation Formed Under Laws Other Than the Statutes of This State.
  1. Every corporation formed under laws other than the statutes of this state which is required by this chapter to obtain a license from the...
• 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...
• 209 - Restrictions on Executive Officers of Foreign Banking Corporations and National Banks.
  1. No executive officer of a foreign banking corporation maintaining a branch in this state may be an executive officer, director or trustee of a...

Last modified: February 3, 2019