New York Banking Law

Every section of the New York Banking Law, in order — 899 sections. Source: NY Senate Open Legislation, current through November 4, 2026.

• N.Y. Banking Law § 380-a — Power to purchase mortgage, loan or investment
• N.Y. Banking Law § 380-b — Power to purchase mortgages from mortgage holders
• N.Y. Banking Law § 380-c — Power to participate in certain loans and mortgage investments
• N.Y. Banking Law § 380-e — Effect of usury
• N.Y. Banking Law § 380-f — Power to make advances of federal funds
• N.Y. Banking Law § 380-g — Power to engage in line of credit financing of residential real estate
• N.Y. Banking Law § 380-h — Trust powers
• N.Y. Banking Law § 380-i — Personal loan departments
• N.Y. Banking Law § 380-j — Authorization to acquire and lease personal property
• N.Y. Banking Law § 380-k — Investment in promissory notes
• N.Y. Banking Law § 380-l — Excelsior linked deposit program
• N.Y. Banking Law § 380-m — Water pollution control linked deposit program
• N.Y. Banking Law § 381 — Power to take and hold real estate; restrictions
• N.Y. Banking Law § 382 — Power to borrow
• N.Y. Banking Law § 382-a — Power to act as trustee under self-employed retirement trust and of individual retirement account; investment in savings account
• N.Y. Banking Law § 382-b — Power to issue certain obligations
• N.Y. Banking Law § 383 — Other powers
• N.Y. Banking Law § 383-a — Rental of safe deposit boxes
• N.Y. Banking Law § 384 — Entries in books; restrictions; amortization of securities
• N.Y. Banking Law § 385 — Surplus account
• N.Y. Banking Law § 386 — Profits; how and when to be computed
• N.Y. Banking Law § 387 — Credits to surplus account and undivided profits; dividends to shareholders
• N.Y. Banking Law § 388 — Fines and penalties for failure to make payments on instalment shares
• N.Y. Banking Law § 389 — Matured shares; conversion into shares of another class upon notice
• N.Y. Banking Law § 390 — Withdrawal of unpledged shares; provisions for dividends
• N.Y. Banking Law § 392 — Retirement of shares; suspension; transfer
• N.Y. Banking Law § 393 — Repayment of mortgage loans; application of pledged shares
• N.Y. Banking Law § 394 — Joint shares; shares of minors; shares in trust
• N.Y. Banking Law § 395 — Alternative provisions relative to payment of interest to shareholders
• N.Y. Banking Law § 396 — Change of location; change of designation of principal office; maintenance of branch office
• N.Y. Banking Law § 396-a — Electronic facilities
• N.Y. Banking Law § 396-b — Acceptance of United States currency
• N.Y. Banking Law § 397 — Number, qualifications and disqualifications of directors; oath; quorum; meeting of directors
• N.Y. Banking Law § 397-a — Report to directors
• N.Y. Banking Law § 398 — Filling of vacancies in board of directors; change in number of directors
• N.Y. Banking Law § 398-a — Forfeiture of office of director
• N.Y. Banking Law § 398-b — Duties of directors and officers
• N.Y. Banking Law § 398-c — Executive committee and other committees
• N.Y. Banking Law § 399 — Restrictions on directors and officers
• N.Y. Banking Law § 399-a — Restrictions on holding of certain offices by executive officers of federal savings banks and federal savings associations
• N.Y. Banking Law § 400 — Pensions; insurance
• N.Y. Banking Law § 401 — Official communications to be submitted to directors and noted in minutes
• N.Y. Banking Law § 402 — Amendment of articles of association and by-laws
• N.Y. Banking Law § 403 — Examination by directors
• N.Y. Banking Law § 404 — Reports to the superintendent; penalty for failure to make
• N.Y. Banking Law § 404-a — Photographic reproduction of records
• N.Y. Banking Law § 405 — Annual report to shareholders; delivery and publication
• N.Y. Banking Law § 406 — Charters conformed to this article; obligations and rights unimpaired; saving clause; applicability to stock-form savings and loan associ...
• N.Y. Banking Law § 407 — Exemptions
• N.Y. Banking Law § 409 — Conversion of a state savings and loan association into a federal savings and loan association
• N.Y. Banking Law § 410 — Conversion of a federal savings and loan association into a state savings and loan association
• N.Y. Banking Law § 411 — Conversion of a savings and loan association or federal savings and loan association into a savings bank
• N.Y. Banking Law § 412 — Conversion of federal savings institutions to state charter
• N.Y. Banking Law § 413 — Reciprocal interstate acquisitions
• N.Y. Banking Law § 420 — Definitions
• N.Y. Banking Law § 420-a — State savings and loan insurance fund
• N.Y. Banking Law § 420-b — Purposes of the fund
• N.Y. Banking Law § 420-c — General powers of the fund
• N.Y. Banking Law § 420-d — Capital stock; advance premiums; other fiscal provisions
• N.Y. Banking Law § 420-e — Exemption from taxation
• N.Y. Banking Law § 420-f — Use of fund name prohibited; penalties for violation
• N.Y. Banking Law § 420-g — Insurance of accounts and eligibility provisions
• N.Y. Banking Law § 420-h — Premiums on insurance
• N.Y. Banking Law § 420-i — Payment of insurance
• N.Y. Banking Law § 420-j — Liquidation of insured savings and loan associations
• N.Y. Banking Law § 420-k — Termination of insurance
• N.Y. Banking Law § 420-l — Savings and loan bank eligible as fiscal agent
• N.Y. Banking Law § 432 — Incorporation; organization certificate
• N.Y. Banking Law § 433 — Proposed by-laws
• N.Y. Banking Law § 434 — When corporate existence begins; conditions precedent to commencing business
• N.Y. Banking Law § 435 — General powers
• N.Y. Banking Law § 436 — Restrictions on powers
• N.Y. Banking Law § 437 — Redemption of bonds and notes; procedure in event of default
• N.Y. Banking Law § 438 — Surplus account
• N.Y. Banking Law § 439 — Membership; liability; transfer of shares
• N.Y. Banking Law § 440 — Commissions and payment of expenses
• N.Y. Banking Law § 441 — Qualifications and disqualification of directors; oath of directors
• N.Y. Banking Law § 442 — Number of directors; filling of vacancies; change of number
• N.Y. Banking Law § 443 — Amendment of by-laws
• N.Y. Banking Law § 444 — Annual meeting; notice; voting
• N.Y. Banking Law § 445 — Preference of credits
• N.Y. Banking Law § 446 — Exemptions
• N.Y. Banking Law § 447 — Authorization of the formation of mutual holding companies
• N.Y. Banking Law § 447-a — Required approvals
• N.Y. Banking Law § 447-b — Formation of a mutual holding company
• N.Y. Banking Law § 447-c — Mutual holding company powers
• N.Y. Banking Law § 447-d — Conversion of mutual holding company into stock holding company
• N.Y. Banking Law § 450 — Incorporation; organization certificate
• N.Y. Banking Law § 450-a — Designation of low income credit union
• N.Y. Banking Law § 450-b — Designation of student branches
• N.Y. Banking Law § 451 — Proposed bylaws
• N.Y. Banking Law § 451-a — Qualifications for membership
• N.Y. Banking Law § 452 — When corporate existence begins; conditions precedent to commencing business
• N.Y. Banking Law § 453 — Corporate credit unions
• N.Y. Banking Law § 454 — General powers
• N.Y. Banking Law § 455 — Trust powers
• N.Y. Banking Law § 456 — Limitations upon powers
• N.Y. Banking Law § 457 — Capital
• N.Y. Banking Law § 458-a — Maintenance of reserves
• N.Y. Banking Law § 459 — Allowance for loan loss
• N.Y. Banking Law § 460 — Dividends to shareholders; conditions precedent
• N.Y. Banking Law § 461 — Change of location; establishment of stations; extension or revival of corporate existence
• N.Y. Banking Law § 462 — Foreign credit unions
• N.Y. Banking Law § 463 — Exemptions and individual liability of shareholders
• N.Y. Banking Law § 464 — Manner of withdrawal; expulsion or suspension of members; effect upon liabilities to credit unions
• N.Y. Banking Law § 465 — Withdrawal of shares after voting to liquidate; notices to shareholders
• N.Y. Banking Law § 466 — Meetings of shareholders; voting
• N.Y. Banking Law § 467 — Qualifications and disqualifications of directors and committee members
• N.Y. Banking Law § 468 — Oaths of directors, officers and members of committees
• N.Y. Banking Law § 469 — Vacancies; change in number of directors
• N.Y. Banking Law § 470 — Powers and duties of directors; not entitled to compensation; disqualification of directors
• N.Y. Banking Law § 471 — Duty of directors and officers
• N.Y. Banking Law § 472 — Special duties of directors
• N.Y. Banking Law § 473 — Loan officers, credit committee; duties
• N.Y. Banking Law § 474 — Loan reports to directors
• N.Y. Banking Law § 475 — Supervisory committee; powers and duties
• N.Y. Banking Law § 476 — Officers; powers and duties
• N.Y. Banking Law § 477 — Retirement and insurance benefits for officers and employees
• N.Y. Banking Law § 478 — Amendment of bylaws; approval of superintendent
• N.Y. Banking Law § 479 — Credit union not liable for taxation
• N.Y. Banking Law § 480 — Fiscal year
• N.Y. Banking Law § 481 — Communications from department of financial services must be submitted to directors and supervisory committee, and noted in the minutes
• N.Y. Banking Law § 482 — Reports to superintendent; penalty for failure to make
• N.Y. Banking Law § 483 — Penalty for loans to non-members; recovery
• N.Y. Banking Law § 484 — Penalty for use of term "credit union"
• N.Y. Banking Law § 485 — Entries in books; preservation of records
• N.Y. Banking Law § 486 — Conversion of a federal credit union into a state credit union
• N.Y. Banking Law § 486-a — Retention of special additional mortgage recording tax exemption for converted federal credit unions
• N.Y. Banking Law § 487 — Conversion of a credit union into a federal credit union
• N.Y. Banking Law § 487-a — Conversion of a credit union into a mutual savings bank
• N.Y. Banking Law § 490-a — Creation of fund
• N.Y. Banking Law § 490-b — Management of fund
• N.Y. Banking Law § 490-c — Execution and filing of agreement
• N.Y. Banking Law § 490-d — Provisions of agreement
• N.Y. Banking Law § 490-e — Powers and duties of trustee or trustees
• N.Y. Banking Law § 490-f — Powers of superintendent to obtain payment from fund
• N.Y. Banking Law § 490-g — Payment of liquidating dividends on uninsured shares
• N.Y. Banking Law § 490-h — Exemption of fund from taxation
• N.Y. Banking Law § 490-i — Liability for payment of contributions
• N.Y. Banking Law § 490-j — Powers of credit unions with respect to agreement
• N.Y. Banking Law § 491 — Definitions
• N.Y. Banking Law § 492 — License
• N.Y. Banking Law § 492-a — Changes in control
• N.Y. Banking Law § 493 — Action by superintendent on application
• N.Y. Banking Law § 494 — License form; posting; limitations
• N.Y. Banking Law § 495 — Revocation, suspension or surrender of licenses
• N.Y. Banking Law § 496 — Judicial review
• N.Y. Banking Law § 497 — Investigations and examinations
• N.Y. Banking Law § 498 — Complaints
• N.Y. Banking Law § 498-b — Regulations and rulings
• N.Y. Banking Law § 499 — Violations and penalties
• N.Y. Banking Law § 501 — Repeal of inconsistent acts
• N.Y. Banking Law § 502 — Severability
• N.Y. Banking Law § 507 — Limited liability investment companies
• N.Y. Banking Law § 508 — General powers
• N.Y. Banking Law § 509 — Restrictions on powers of investment companies
• N.Y. Banking Law § 510 — Restrictions as to entries in books
• N.Y. Banking Law § 511 — Change of location; change of designation of principal office
• N.Y. Banking Law § 512 — Communications from department of financial services must be submitted to directors and noted in minutes
• N.Y. Banking Law § 513 — Reports to superintendent
• N.Y. Banking Law § 514 — Liability of investment company for assessments by superintendent
• N.Y. Banking Law § 515 — Preservation of records of investment company
• N.Y. Banking Law § 516 — Restrictions on officers, directors and other employees
• N.Y. Banking Law § 517 — How net earnings credited for dividend purposes, credits to surplus fund and to undivided profits, dividends to stockholders
• N.Y. Banking Law § 518 — Payment of claims by investment companies where adverse claim is asserted; effect of claims or advices originating in, and statutes, rule...
• N.Y. Banking Law § 519 — Acquisition of control of investment companies
• N.Y. Banking Law § 520 — Savings clause
• N.Y. Banking Law § 550 — Incorporation; organization certificate
• N.Y. Banking Law § 551 — Investment powers
• N.Y. Banking Law § 552 — Accountability
• N.Y. Banking Law § 553 — Investment by fiduciaries in shares
• N.Y. Banking Law § 554 — Definitions
• N.Y. Banking Law § 555 — License
• N.Y. Banking Law § 555-a — Changes in control
• N.Y. Banking Law § 556 — Action by superintendent on application
• N.Y. Banking Law § 557 — License provisions and posting
• N.Y. Banking Law § 558 — Change of location
• N.Y. Banking Law § 559 — Grounds for revocation of license; procedure
• N.Y. Banking Law § 560 — Investigations and examinations
• N.Y. Banking Law § 561 — Regulations and rulings
• N.Y. Banking Law § 563 — Violations and penalties
• N.Y. Banking Law § 565 — Licensee's books and records; reports
• N.Y. Banking Law § 566 — Insurance agents and brokers; acquisition by premium finance agencies of premium finance agreements
• N.Y. Banking Law § 567 — Form and content of premium finance agreements
• N.Y. Banking Law § 568 — Limitation on service and other charges
• N.Y. Banking Law § 569 — Delinquency, collection and cancellation charges; attorney's fees
• N.Y. Banking Law § 570 — Restrictions on premium finance agreements
• N.Y. Banking Law § 571 — Delivery of copy of premium finance agreement
• N.Y. Banking Law § 572 — Notice of assignment; payments
• N.Y. Banking Law § 573 — Statement of account; receipts
• N.Y. Banking Law § 574 — Credit upon anticipation of payments
• N.Y. Banking Law § 575 — Refinancing
• N.Y. Banking Law § 576 — Cancellation of insurance contract upon default
• N.Y. Banking Law § 577 — Interpretation of article
• N.Y. Banking Law § 577-a — Premium finance agreements
• N.Y. Banking Law § 578 — Severability
• N.Y. Banking Law § 578-a — Electronic notes and documents
• N.Y. Banking Law § 579 — Doing business without license prohibited
• N.Y. Banking Law § 580 — Application for license
• N.Y. Banking Law § 581 — Conditions for issuance of a license; procedure where application denied