senate Bill S2873

2013-2014 Legislative Session

Relates to the imposition of fees for investigations and applications for banking institutions

download bill text pdf

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Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to banks
Jan 24, 2013 referred to banks

S2873 - Details

Law Section:
Banking Law
Laws Affected:
Amd ยงยง18-a & 34, Bank L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3650
2009-2010: S3704

S2873 - Summary

Relates to the imposition of fees for investigations and applications for banking institutions.

S2873 - Sponsor Memo

S2873 - Bill Text download pdf

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

                                  2873

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 24, 2013
                               ___________

Introduced  by  Sen.  SMITH  -- 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  the  imposition  of
  certain fees

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

  Section 1. Subdivision 6 of section 18-a of the banking law is  renum-
bered subdivision 7 and a new subdivision 6 is added to read as follows:
  6. FOR ANY FEDERAL BANK, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION OR
CREDIT  UNION  WHICH HAS LESS THAN ONE HUNDRED MILLION DOLLARS IN ASSETS
AND WHICH IS MAKING AN APPLICATION TO CONVERT INTO A STATE BANK, SAVINGS
BANK, SAVINGS AND LOAN ASSOCIATION OR CREDIT  UNION,  THE  INVESTIGATION
FEE FOR ANY SUCH APPLICATION SHALL BE ONE THOUSAND DOLLARS.
  S  2.  Section 34 of the banking law, as amended by chapter 310 of the
laws of 1962, is amended to read as follows:
  S 34. Superintendent as attorney to accept service of process.   When-
ever pursuant to any provision of this chapter, the superintendent shall
have  been duly appointed attorney to receive service of process for any
individual, partnership, unincorporated association or corporation, such
service shall be made by personally delivering duplicate copies  of  the
process to and leaving them with the superintendent or any deputy super-
intendent.  Service of process so made shall be deemed to have been made
within the territorial jurisdiction of any  court  in  this  state.  The
superintendent or deputy superintendent shall forthwith forward by mail,
postage  prepaid,  a  copy  of  every  process served upon him OR HER in
accordance with this section, directed to the person last designated  by
such  individual, partnership, unincorporated association or corporation
in accordance with the provisions of this chapter to receive such  proc-
ess  on  his  OR HER or its behalf. For each service of process upon the
superintendent or a deputy, he OR SHE shall  collect  [the  sum  of  two
dollars]  A  FEE  AS  SET  BY THE SUPERINTENDENT, PROVIDED THAT SUCH FEE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07212-01-3

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