Senate Bill S4583

Signed By Governor
2009-2010 Legislative Session

Authorizes the establishment of bank branches in any existing banking development district

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7921 - 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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2009-S4583 (ACTIVE) - Details

See Assembly Version of this Bill:
A7921
Law Section:
Banking Law
Laws Affected:
Amd §96-d, Bank L

2009-S4583 (ACTIVE) - Summary

Authorizes the establishment of bank branches in any existing banking development district.

2009-S4583 (ACTIVE) - Sponsor Memo

2009-S4583 (ACTIVE) - Bill Text download pdf 

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

                                  4583

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 24, 2009
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law,  in  relation  to  authorizing  certain
  banking  organizations  to  establish multiple branches in an existing
  banking development district

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

  Section  1. Subdivision 6 of section 96-d of the banking law, as added
by chapter 11 of the laws of 2009, is amended to read as follows:
  6. For the purposes of  this  section,  nothing  shall  preclude  [the
establishment  of  multiple  branches] A BANK, TRUST COMPANY OR NATIONAL
BANK FROM SEEKING APPROVAL TO ESTABLISH  ONE  OR  MORE  BRANCHES  in  an
existing  banking  development  district  [by  a  bank, trust company or
national bank. Any such additional branch, if] WHERE IT OR ANOTHER  BANK
HAS  OR  IS  AUTHORIZED  TO HAVE A BRANCH. THE DEPARTMENT SHALL HAVE THE
AUTHORITY TO APPROVE ANY  BANK,  TRUST  COMPANY  OR  NATIONAL  BANK  FOR
PARTICIPATION  IN  THE  BANKING  DEVELOPMENT  DISTRICT  PROGRAM, AND ANY
BRANCH approved pursuant to  this  section[,  would]  SHALL  operate  in
accordance  with  this  section  and  [would be] IS eligible for all the
rights and privileges authorized by this section.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11030-02-9

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