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Assembly Bill A4089

2013-2014 Legislative Session

Prohibits banks from holding for deposit state issued check

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Archive: Last Bill Status - Stricken

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2013-A4089 (ACTIVE) - Details

Law Section:
Banking Law
Laws Affected:
Add ยง9-e, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3414
2011-2012: A2759
2015-2016: A3228
2017-2018: A3569
2019-2020: A3554
2021-2022: A1699
2023-2024: A4555
2025-2026: A7502

2013-A4089 (ACTIVE) - Summary

Prohibits banks from holding for deposit the funds from checks issued by the state.

2013-A4089 (ACTIVE) - Bill Text download pdf 

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

                                  4089

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 30, 2013
                               ___________

Introduced by M. of A. PRETLOW, COOK, HOOPER -- Multi-Sponsored by -- M.
  of  A.  GLICK, GOTTFRIED -- read once and referred to the Committee on
  Banks

AN ACT to amend the banking law, in relation to  the  deposit  of  state
  issued checks

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

  Section 1. The banking law is amended by adding a new section  9-e  to
read as follows:
  S  9-E.  DEPOSIT  OF  STATE  ISSUED CHECKS. NO BANKING INSTITUTION, AS
DEFINED IN SECTION NINE-F OF THIS ARTICLE, SHALL HOLD  FOR  DEPOSIT  THE
FUNDS FROM A CHECK ISSUED BY THE STATE.
  S  2.  This  act shall take effect on the thirtieth day after it shall
have become a law.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07704-01-3

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