Search OpenLegislation Statutes
This entry was published on 2014-09-22
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Electronic facilities
§ 105-a. Electronic facilities. A bank or trust company may conduct a
banking business, at automated teller machines, point-of-sale terminals,
and similar facilities subject to regulations which may be promulgated
by the superintendent of financial services. Such facilities shall not
be deemed to be branches and shall not be subject to any of the
provisions of this chapter applicable to branches; provided however that
notwithstanding the foregoing, for purposes of clause (ii) of
subdivision one of section one hundred five of this chapter, such
facilities shall be deemed to be branches, and such facilities shall be
subject to the terms and conditions of section one hundred five, and for
purposes of section twenty-eight-b of this chapter, such facilities
shall be deemed to be branches.