Statute · New York Banking Law
N.Y. Banking Law § 162 — Permanent capital; increase or decrease
N.Y. Banking Law § 162
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 162. Permanent capital; increase or decrease. Every private banker shall keep unimpaired in his banking business the amount of permanent capital specified in his verified certificate. From time to time, with the written approval of the superintendent and upon good cause shown, such permanent…
Citator
N.Y. Banking Law § 162 — Permanent capital; increase or decrease is in force in the current edition of the Code, and nothing recorded condemns it.
§ 162. Permanent capital; increase or decrease. Every private banker shall keep unimpaired in his banking business the amount of permanent capital specified in his verified certificate. From time to time, with the written approval of the superintendent and upon good cause shown, such permanent capital may be increased or decreased.