N.Y. BNK Law § 10
This is the official text of N.Y. BNK Law § 10, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Declaration of policy
Official statutory text
§ 10. Declaration of policy. It is hereby declared to be the policy of\nthe state of New York that the business of all banking organizations\nshall be supervised and regulated through the department of financial\nservices in such manner as to insure the safe and sound conduct of such\nbusiness, to conserve their assets, to prevent hoarding of money, to\neliminate unsound and destructive competition among such banking\norganizations and thus to maintain public confidence in such business\nand protect the public interest and the interests of depositors,\ncreditors, shareholders and stockholders.\n
Status: in_force · Read it on the official government site
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