Statute · New York Banking Law
N.Y. Banking Law § 202-d — Foreign banking corporation may not maintain both agencies and branches in this state
N.Y. Banking Law § 202-d
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 202-d. Foreign banking corporation may not maintain both agencies and branches in this state. No foreign banking corporation licensed to maintain one or more agencies in this state shall be licensed to maintain a branch in this state except upon termination of the operation of such agency or…
Citator
N.Y. Banking Law § 202-d — Foreign banking corporation may not maintain both agencies and branches in this state is in force in the current edition of the Code, and nothing recorded condemns it.
§ 202-d. Foreign banking corporation may not maintain both agencies and branches in this state. No foreign banking corporation licensed to maintain one or more agencies in this state shall be licensed to maintain a branch in this state except upon termination of the operation of such agency or agencies; and no foreign banking corporation licensed to maintain one or more branches in this state shall be licensed to maintain an agency in this state except upon termination of the operation of such branch or branches.