N.Y. Banking Law § 223-A

Current through 2024 NY Law Chapters 1-49, 52, and 61-117

Section 223-A - Establishment of branches by out-of-state banks by de novo branching

In addition to the authority of an out-of-state bank to maintain a branch or branches by means of an acquisition transaction, an out-of-state bank may establish one or more de novo branches in this state; provided, however, that an out-of-state state bank shall obtain the superintendent's prior approval in accordance with the requirements in section two hundred twenty-four of this chapter.

N.Y. BankingLaw § 223-A