N.Y. BNK Law § 223-A
This is the official text of N.Y. BNK Law § 223-A, 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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Establishment of branches by out-of-state banks by de novo branching
Official statutory text
§ 223-a. Establishment of branches by out-of-state banks by de novo\nbranching. In addition to the authority of an out-of-state bank to\nmaintain a branch or branches by means of an acquisition transaction, an\nout-of-state bank may establish one or more de novo branches in this\nstate; provided, however, that an out-of-state state bank shall obtain\nthe superintendent's prior approval in accordance with the requirements\nin section two hundred twenty-four of this chapter.\n
Status: in_force · Read it on the official government site
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