Statute · New York Banking Law
N.Y. Banking Law § 223-a — Establishment of branches by out-of-state banks by de novo branching
N.Y. Banking Law § 223-a
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 223-a. Establishment of branches by out-of-state banks by de novo branching. In addition to the authority of an out-of-state bank to maintain a branch or branches by means of an acquisition transaction, an out-of-state bank may establish one or more de novo branches in this state; provided,…
Citator
N.Y. Banking Law § 223-a — Establishment of branches by out-of-state banks by de novo branching is in force in the current edition of the Code, and nothing recorded condemns it.
§ 223-a. Establishment of branches by out-of-state banks by de novo branching. In addition to the authority of an out-of-state bank to maintain a branch or branches by means of an acquisition transaction, an out-of-state bank may establish one or more de novo branches in this state; provided, however, that an out-of-state state bank shall obtain the superintendent's prior approval in accordance with the requirements in section two hundred twenty-four of this chapter.