N.Y. BNK Law § 229
This is the official text of N.Y. BNK Law § 229, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Application
Official statutory text
§ 229. Application.\n 1. This article applies to every savings bank and shall not apply to\nany other banking organization except to such extent, if any, as may be\nspecified in any article of this chapter governing such banking\norganization; provided, however, that in the case of stock-form savings\nbanks, this article applies to every such organization except that the\nsuperintendent of financial services, consistent with the declaration of\npolicy described in section fourteen-e of this chapter, shall be\nempowered to deem inapplicable to stock-form savings banks, sections two\nhundred thirty, two hundred thirty-one, two hundred thirty-two, two\nhundred thirty-three, subdivisions one and two of section two hundred\nthirty-four, two hundred forty-three, two hundred forty-four, two\nhundred forty-five, two hundred forty-six, two hundred forty-six-a, two\nhundred forty-seven, two hundred forty-eight, two hundred forty-nine,\ntwo hundred fifty, two hundred fifty-one and two hundred fifty-two of\nthis chapter.\n 2. The general corporation law, the stock corporation law and the\nbusiness corporation law shall not apply to any savings bank. If there\nshould be in any other corporate law a provision which conflicts with\nany provision of this chapter, the provision of this chapter shall\nprevail and the conflicting provision of such other corporate law shall\nnot apply in such case.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.