N.Y. BNK Law § 202-D
This is the official text of N.Y. BNK Law § 202-D, 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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Foreign banking corporation may not maintain both agencies and branches in this state
Official statutory text
§ 202-d. Foreign banking corporation may not maintain both agencies\nand branches in this state. No foreign banking corporation licensed to\nmaintain one or more agencies in this state shall be licensed to\nmaintain a branch in this state except upon termination of the operation\nof such agency or agencies; and no foreign banking corporation licensed\nto maintain one or more branches in this state shall be licensed to\nmaintain an agency in this state except upon termination of the\noperation of such branch or branches.\n
Status: in_force · Read it on the official government site
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