Statute · New York Banking Law
N.Y. Banking Law § 7014 — Removal of officers
N.Y. Banking Law § 7014
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 7014. Removal of officers. 1. Any officer elected or appointed by the board may be removed by the board, or his authority suspended by it, with or without cause. Such removal or suspension without cause, however, shall be without prejudice to his contract rights. The election or appointment of…
Citator
N.Y. Banking Law § 7014 — Removal of officers is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7014. Removal of officers. 1. Any officer elected or appointed by the board may be removed by the board, or his authority suspended by it, with or without cause. Such removal or suspension without cause, however, shall be without prejudice to his contract rights. The election or appointment of an officer shall not be deemed of itself to create contract rights.
2. This section does not affect the powers of the superintendent under section forty-one of this chapter.