senate Bill S6735

Signed By Governor
2013-2014 Legislative Session

Relates to extending certain provisions authorizing banks and trust companies to exercise the rights of national banks

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9057 - Signed by Governor


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 22, 2014 signed chap.113
Jul 11, 2014 delivered to governor
Jun 10, 2014 returned to assembly
passed senate
3rd reading cal.366
substituted for s6735
Jun 10, 2014 substituted by a9057
Mar 31, 2014 advanced to third reading
Mar 27, 2014 2nd report cal.
Mar 26, 2014 1st report cal.366
Mar 05, 2014 referred to banks

Co-Sponsors

S6735 - Details

See Assembly Version of this Bill:
A9057
Law Section:
Banks
Laws Affected:
Amd §6, Chap 322 of 2007; amd §7, Chap 3 of 1997

S6735 - Summary

Extends provisions relating to the power of banks, private bankers, trust companies, savings banks, savings and loan associations, credit unions and foreign banking corporations to exercise the rights of national banks.

S6735 - Sponsor Memo

S6735 - Bill Text download pdf

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

                                  6735

                            I N  S E N A T E

                              March 5, 2014
                               ___________

Introduced  by  Sens.  GRIFFO, FARLEY -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks

AN ACT to amend chapter 322 of the laws of 2007,  amending  the  banking
  law  relating to the power of banks, private bankers, trust companies,
  savings banks,  savings  and  loan  associations,  credit  unions  and
  foreign banking corporations to exercise the rights of national banks,
  federal  savings  associations,  federal  credit  unions  and  federal
  branches and agencies of foreign banks, in relation to the  effective-
  ness  of certain provisions of such chapter; and to amend chapter 3 of
  the laws of 1997, amending the  banking  law  and  the  insurance  law
  relating  to  authorizing  the banking board to permit banks and trust
  companies to exercise the rights of national banks, in relation to the
  effectiveness of certain provisions of such chapter

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

  Section  1. Section 6 of chapter 322 of the laws of 2007, amending the
banking law relating to the  power  of  banks,  private  bankers,  trust
companies,  savings  banks, savings and loan associations, credit unions
and foreign banking corporations to  exercise  the  rights  of  national
banks,  federal  savings associations, federal credit unions and federal
branches and agencies of foreign banks, as amended by section 95 of part
A of chapter 62 of the laws of 2011, is amended to read as follows:
  S 6. This act shall take effect immediately;  provided,  however  that
sections  one, two, three and four of this act shall take effect Septem-
ber 1, 2007; and provided further that sections one, two, three and four
of this act shall expire and be deemed  repealed  September  10,  [2014]
2019;  and provided further that any federally permitted powers approved
under section three of this act shall remain in full force and effect on
and after such repeal date and shall not be affected by such repeal.
  S 2. Section 7 of chapter 3 of the laws of 1997, amending the  banking
law  and  the insurance law relating to authorizing the banking board to
permit banks and trust companies to  exercise  the  rights  of  national
banks, as amended by section 95-a of part A of chapter 62 of the laws of
2011, is amended to read as follows:

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

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