Assembly Bill A9057

Signed By Governor
2013-2014 Legislative Session

Relates to extending certain provisions authorizing banks and trust companies to exercise the rights of national banks

download bill text pdf

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Archive: Last Bill Status - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A9057 (ACTIVE) - Details

See Senate Version of this Bill:
S6735
Law Section:
Banking Law
Laws Affected:
Amd §6, Chap 322 of 2007; amd §7, Chap 3 of 1997

2013-A9057 (ACTIVE) - Summary

Extends provisions relating to the power of banks, private bankers, trust companies, savings banks, savings and loan associations, credit unions and foreign banking corporations to exercise the rights of national banks.

2013-A9057 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9057

                          I N  A S S E M B L Y

                             March 11, 2014
                               ___________

Introduced by M. of A. ROBINSON -- read once and referred to the Commit-
  tee on Banks

AN  ACT  to  amend chapter 322 of the laws of 2007, amending the banking
  law relating to the power of banks, private bankers, trust  companies,
  savings  banks,  savings  and  loan  associations,  credit  unions and
  foreign banking corporations to exercise the rights of national banks,
  federal  savings  associations,  federal  credit  unions  and  federal
  branches  and agencies of foreign banks, in relation to the effective-
  ness of certain provisions of such chapter; and to amend chapter 3  of
  the  laws  of  1997,  amending  the  banking law and the insurance law
  relating to authorizing the banking board to permit  banks  and  trust
  companies to exercise the rights of national banks, in relation to the
  effectiveness of certain provisions of such chapter

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 6 of chapter 322 of the laws of 2007, amending  the
banking  law  relating  to  the  power  of banks, private bankers, trust
companies, savings banks, savings and loan associations,  credit  unions
and  foreign  banking  corporations  to  exercise the rights of national
banks, federal savings associations, federal credit unions  and  federal
branches and agencies of foreign banks, as amended by section 95 of part
A of chapter 62 of the laws of 2011, is amended to read as follows:
  S  6.  This  act shall take effect immediately; provided, however that
sections one, two, three and four of this act shall take effect  Septem-
ber 1, 2007; and provided further that sections one, two, three and four
of  this  act  shall  expire and be deemed repealed September 10, [2014]
2019; and provided further that any federally permitted powers  approved
under section three of this act shall remain in full force and effect on
and after such repeal date and shall not be affected by such repeal.
  S  2. Section 7 of chapter 3 of the laws of 1997, amending the banking
law and the insurance law relating to authorizing the banking  board  to
permit  banks  and  trust  companies  to exercise the rights of national
banks, as amended by section 95-a of part A of chapter 62 of the laws of
2011, is amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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