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Senate Bill S2310

2011-2012 Legislative Session

Requires electronic banking facilities be equipped with self-adhesive deposit envelopes

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Archive: Last Bill Status - In Senate Committee Banks Committee

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2011-S2310 (ACTIVE) - Details

Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd ยงยง105-a, 240-a & 396-a, Bank L
Versions Introduced in 2009-2010 Legislative Session:
S167

2011-S2310 (ACTIVE) - Summary

Requires all banks, trust companies, savings and loan associations and other financial institutions that provide electronic banking services to replace moisture-activated adhesive deposit envelopes with self-adhesive deposit envelopes.

2011-S2310 (ACTIVE) - Sponsor Memo

2011-S2310 (ACTIVE) - Bill Text download pdf 

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

                                  2310

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 18, 2011
                               ___________

Introduced  by  Sen.  KRUGER -- 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 providing  self-adhesive
  envelopes for deposits at electronic facilities

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

  Section 1. Section 105-a of the banking law, as amended by chapter 613
of the laws of 1995, is amended to read as follows:
  S 105-a. Electronic facilities. 1. A bank or trust company may conduct
a banking business, at automated teller machines,  point-of-sale  termi-
nals, and similar facilities subject to regulations which may be promul-
gated  by  the  banking board. Such facilities shall not be deemed to be
branches and shall not be subject to any of the provisions of this chap-
ter applicable to branches; provided however  that  notwithstanding  the
foregoing,  for  purposes of clause (ii) OF PARAGRAPH (A) of subdivision
one of section one hundred five of this [chapter] ARTICLE, such  facili-
ties  shall  be  deemed  to  be  branches,  and such facilities shall be
subject to the terms and conditions of SUCH section  one  hundred  five,
and for purposes of section twenty-eight-b of this chapter, such facili-
ties shall be deemed to be branches.
  2.  ALL  ELECTRONIC  FACILITIES  SHALL  BE EQUIPPED WITH SELF-ADHESIVE
DEPOSIT ENVELOPES.
  S 2. Section 240-a of the banking law, as amended by  chapter  613  of
the laws of 1995, is amended to read as follows:
  S 240-a.  Electronic facilities. 1. A savings bank may conduct a bank-
ing business, at automated teller machines, point-of-sale terminals, and
similar facilities subject to regulations which may  be  promulgated  by
the  banking  board.  Such facilities shall not be deemed to be branches
and shall not be subject to any of the provisions of this chapter appli-
cable to branches; provided however that notwithstanding the  foregoing,
for  purposes of paragraph (b) of subdivision two of section two hundred

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07448-01-1

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