Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 17, 2011 |
signed chap.448 |
Aug 05, 2011 |
delivered to governor |
Jun 15, 2011 |
returned to assembly passed senate 3rd reading cal.1059 substituted for s4612a referred to rules delivered to senate passed assembly ordered to third reading rules cal.291 rules report cal.291 reported |
Jun 07, 2011 |
reported referred to rules |
Jun 03, 2011 |
referred to banks |
Assembly Bill A8156
Signed By Governor2011-2012 Legislative Session
Sponsored By
LANCMAN
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
Actions
Votes
co-Sponsors
Peter Rivera
multi-Sponsors
William Boyland
2011-A8156 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4612
- Law Section:
- Banking Law
- Laws Affected:
- Amd §12-a, Bank L
2011-A8156 (ACTIVE) - Summary
Relates to the exercise of federally permitted powers by a state chartered banking institution; requires a banking institution to make an application with one or more state chartered banking institutions to the superintendent indicating intent to exercise the federally permitted power and the basis for doing so.
2011-A8156 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8156 2011-2012 Regular Sessions I N A S S E M B L Y June 3, 2011 ___________ Introduced by M. of A. LANCMAN -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to the exercise of feder- ally permitted powers by a state chartered banking institution THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 12-a of the banking law, as amended by section 88 of part A of chapter 62 of the laws of 2011, is amended to read as follows: 3. Except with respect to a federally permitted power approved pursu- ant to subdivision four of this section, prior to any state chartered banking institution initially exercising any federally permitted power pursuant to this section, such banking institution shall make an appli- cation individually or with one or more state chartered banking insti- tutions to the superintendent indicating that such institution or insti- tutions intend to exercise such federally permitted power and the basis on which such institution or institutions believe such power is a feder- ally permitted power. THE SUPERINTENDENT SHALL HAVE ONE HUNDRED TWENTY DAYS FROM RECEIPT OF THE APPLICATION TO DETERMINE WHETHER IT MEETS THE REQUIREMENTS OF THIS SECTION, PROVIDED THAT SUCH PERIOD MAY BE EXTENDED FOR AN ADDITIONAL PERIOD OF TIME WITH THE WRITTEN CONSENT OF THE APPLI- CANT OR APPLICANTS. If such application meets the requirements of this section, the superintendent shall post such application upon the bulle- tin board of the department pursuant to section forty-two of this arti- cle. [After promptly reviewing such application, the] IF SUCH APPLICA- TION DOES NOT MEET THE REQUIREMENTS OF THIS SECTION, THE SUPERINTENDENT SHALL, WITHIN TEN DAYS OF SUCH DETERMINATION, NOTIFY THE APPLICANT OR APPLICANTS OF THE REASONS WHY THE APPLICATION FAILS TO MEET THE REQUIRE- MENTS. THE superintendent shall determine, consistent with the standards set forth in subdivision five of this section, whether to approve such application subject to such terms and conditions as the superintendent EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10810-03-1
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