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This entry was published on 2014-09-22
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SECTION 221-C
Application for license; fees
Banking (BNK) CHAPTER 2, ARTICLE 5-B
§ 221-c. Application for license; fees. The application for such
license shall be in writing under oath and shall contain the information
required by and be in the form prescribed by the superintendent. As part
of the application, the foreign banking corporation shall appoint the
superintendent or his or her successor as agent for service of process
in connection with any action or proceeding against the foreign banking
corporation relating to any cause of action which may arise out of a
transaction with its representative office, with the same force and
effect as if it were a domestic corporation and had been lawfully served
with process in this state. At the time of making such application, the
applicant shall pay to the superintendent an investigation fee as
prescribed pursuant to section eighteen-a of this chapter.