Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 02, 2025 |
print number 8549a |
Jun 02, 2025 |
amend (t) and recommit to banks |
May 20, 2025 |
referred to banks |
Assembly Bill A8549A
2025-2026 Legislative Session
Sponsored By
LAVINE
Current Bill Status - In Assembly Committee
- 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
Bill Amendments
2025-A8549 - Details
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd §§675 & 678, add §§675-a & 675-b, Bank L
2025-A8549 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8549 2025-2026 Regular Sessions I N A S S E M B L Y May 20, 2025 ___________ Introduced by M. of A. LAVINE -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to spousal and non-spousal joint accounts and convenience accounts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 675 of the banking law is amended by adding a new subdivision (d) to read as follows: (D) THE PROVISIONS OF THIS SECTION SHALL APPLY TO ACCOUNTS ESTABLISHED BEFORE THE EFFECTIVE DATE OF SECTIONS SIX HUNDRED SEVENTY-FIVE-A AND SIX HUNDRED SEVENTY-FIVE-B OF THIS ARTICLE AND WHICH HAVE NOT BEEN MODIFIED BY ADDING OR DELETING A SIGNATORY TO SUCH ACCOUNT ON OR AFTER THE EFFEC- TIVE DATE OF SUCH SECTIONS SIX HUNDRED SEVENTY-FIVE-A AND SIX HUNDRED SEVENTY-FIVE-B. § 2. Section 678 of the banking law is amended by adding a new subdi- vision 3 to read as follows: 3. THE PROVISIONS OF THIS SECTION SHALL APPLY TO ACCOUNTS ESTABLISHED BEFORE THE EFFECTIVE DATE OF SECTIONS SIX HUNDRED SEVENTY-FIVE-A AND SIX HUNDRED SEVENTY-FIVE-B OF THIS ARTICLE. § 3. The banking law is amended by adding two new sections 675-a and 675-b to read as follows: § 675-A. SPOUSAL JOINT DEPOSITS AND SHARES; OWNERSHIP AND PAYMENT DURING LIFETIME AND AFTER THE DEATH OF ONE OF THE SPOUSES. 1. WHEN A DEPOSIT OF CASH, SECURITIES OR OTHER PROPERTY IS MADE IN OR WITH ANY BANKING ORGANIZATION OR FOREIGN BANKING CORPORATION TRANSACTING BUSINESS IN THIS STATE OR SHARES ARE ISSUED IN ANY SAVING AND LOAN ASSOCIATION OR CREDIT UNION TRANSACTING BUSINESS IN THIS STATE, IN AN ACCOUNT ESTAB- LISHED AFTER THE EFFECTIVE DATE OF THIS SECTION IN THE NAME OF SUCH DEPOSITOR OR SHAREHOLDER AND ANOTHER PERSON, AND THE DEPOSITOR AND SUCH OTHER PERSON ARE THE ONLY PARTIES TO THE ACCOUNT AND THEY ARE SPOUSES AT THE TIME THE CONTRACT, SIGNATURE CARD OR OTHER DOCUMENT BETWEEN THEM AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11949-02-5
2025-A8549A (ACTIVE) - Details
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd §§675 & 678, add §§675-a & 675-b, Bank L
2025-A8549A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8549--A 2025-2026 Regular Sessions I N A S S E M B L Y May 20, 2025 ___________ Introduced by M. of A. LAVINE -- read once and referred to the Committee on Banks -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the banking law, in relation to spousal joint accounts, non-spousal accounts and convenience accounts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 675 of the banking law is amended by adding a new subdivision (d) to read as follows: (D) THE PROVISIONS OF THIS SECTION SHALL APPLY TO ACCOUNTS ESTABLISHED BEFORE THE EFFECTIVE DATE OF SECTIONS SIX HUNDRED SEVENTY-FIVE-A AND SIX HUNDRED SEVENTY-FIVE-B OF THIS ARTICLE AND WHICH HAVE NOT BEEN MODIFIED BY ADDING OR DELETING A SIGNATORY TO SUCH ACCOUNT ON OR AFTER THE EFFEC- TIVE DATE OF SUCH SECTIONS SIX HUNDRED SEVENTY-FIVE-A AND SIX HUNDRED SEVENTY-FIVE-B. § 2. Section 678 of the banking law is amended by adding a new subdi- vision 3 to read as follows: 3. THE PROVISIONS OF THIS SECTION SHALL APPLY TO ACCOUNTS ESTABLISHED BEFORE THE EFFECTIVE DATE OF SECTIONS SIX HUNDRED SEVENTY-FIVE-A AND SIX HUNDRED SEVENTY-FIVE-B OF THIS ARTICLE. § 3. The banking law is amended by adding two new sections 675-a and 675-b to read as follows: § 675-A. SPOUSAL JOINT DEPOSITS AND SHARES; OWNERSHIP AND PAYMENT DURING LIFETIME AND AFTER THE DEATH OF ONE OF THE SPOUSES. 1. WHEN A DEPOSIT OF CASH, SECURITIES OR OTHER PROPERTY IS MADE IN OR WITH ANY BANKING ORGANIZATION OR FOREIGN BANKING CORPORATION TRANSACTING BUSINESS IN THIS STATE OR SHARES ARE ISSUED IN ANY SAVING AND LOAN ASSOCIATION OR CREDIT UNION TRANSACTING BUSINESS IN THIS STATE, IN AN ACCOUNT ESTAB- LISHED AFTER THE EFFECTIVE DATE OF THIS SECTION IN THE NAME OF SUCH DEPOSITOR OR SHAREHOLDER AND ANOTHER PERSON, AND THE DEPOSITOR AND SUCH OTHER PERSON ARE THE ONLY PARTIES TO THE ACCOUNT AND THEY ARE SPOUSES AT EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11949-03-5
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