N.Y. BSC Law § 1610

§ 1610. Exclusions.\n This article shall not apply when:\n (a) The offeror or the target company is a public utility or a public\nutility holding company as defined in section two of the "Public Utility\nHolding Company Act of 1935," (49 Stat.803, 15 U.S.C. 79), as amended,\nand the takeover bid is subject to approval by the appropriate federal\nagency as provided in such act;\n (b) The offeror or the target company is a bank or a bank holding\ncompany as subject to the "Bank Holding Company Act of 1956," (70 Stat.\n133, 12 U.S.C. 1841), and subsequent amendments thereto, and the\ntakeover bid is subject to approval by the appropriate federal agency as\nprovided in such act;\n (c) The offeror or the target company is a savings and loan holding\ncompany as defined in section two of the "Savings and Loan Holding\nCompany Amendments of 1967," (82 Stat. 5, 12 U.S.C. 1730A), as amended,\nand the takeover bid is subject to approval by the appropriate federal\nagency as provided in such act;\n (d) The offeror and the target company are banks and the offer is part\nof a merger transaction subject to approval by appropriate federal or\nstate supervisory authorities.\n