Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 17, 2011 |
signed chap.449 |
Aug 05, 2011 |
delivered to governor |
Jun 17, 2011 |
returned to assembly passed senate 3rd reading cal.783 substituted for s5004 |
Jun 14, 2011 |
referred to rules delivered to senate passed assembly |
Jun 13, 2011 |
ordered to third reading rules cal.167 rules report cal.167 reported |
Jun 07, 2011 |
reported referred to rules |
Jun 03, 2011 |
referred to banks |
Assembly Bill A8157
Signed By Governor2011-2012 Legislative Session
Sponsored By
ABBATE
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
2011-A8157 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5004
- Law Section:
- Banking Law
- Laws Affected:
- Amd §§142-a, 105, 240 & 396, Bank L
2011-A8157 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8157 2011-2012 Regular Sessions I N A S S E M B L Y June 3, 2011 ___________ Introduced by M. of A. ABBATE -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to the definition of bank holding company THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 142-a of the banking law, as amended by chapter 217 of the laws of 2010, is amended to read as follows: 2. As used in this section, the term "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a banking institution, whether through the ownership of voting stock of such banking institution, the ownership of voting stock of any company which possesses such power or otherwise. Control shall be presumed to exist if any company, directly or indirect- ly, owns, controls or holds with the power to vote ten per centum or more of the voting stock of any banking institution or of any company which owns, controls or holds with power to vote ten percent or more of the voting stock of such banking institution, but no person shall be deemed to control a banking institution solely by reason of his being an officer or director of such banking institution or company. As used in this section, the terms "bank holding company" and "banking institution" shall have the meanings as defined in section one hundred forty-one of this article, except that the definition of "bank holding company" is modified to change the phrase "a banking institution" wherever it appears therein to "[one] TWO or more banking institutions" and the definition of "banking institution" is modified to add a national bank- ing association, the principal office of which is located in this state. S 2. Paragraph (a) of subdivision 1 of section 105 of the banking law, as amended by chapter 217 of the laws of 2010, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11212-01-1
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