New York Const. art. X, § 3

New York Constitution

Article X, § 3 — Savings bank charters; savings and loan association charters; special charters not to be granted

New York Const. art. X, § 3 (Savings bank charters; savings and loan association charters; special charters not to be granted) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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CitationNew York Const. art. X, § 3

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N.Y. Const. art. X, § 3.

Full Text

The legislature shall, by general law, conform all charters of savings banks, savings and loan associations, or institutions for savings, to a uniformity of powers, rights and liabilities, and all charters hereafter granted for such corporations shall be made to conform to such general law, and to such amendments as may be made thereto. The legislature shall have no power to pass any act granting any special charter for banking purposes; but corporations or associations may be formed for such purposes under general laws.

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The legislature shall, by general law, conform all charters of savings banks, savings and loan associations, or institutions for savings, to a uniformity of powers, rights and liabilities, and all charters hereafter granted for such corporations shall be made to conform to such general law, and to such amendments as may be made thereto. The legislature shall have no power to pass any act granting any special charter for banking purposes; but corporations or associations may be formed for such purposes under general laws.

History

(Formerly §4 of Art. 8. Renumbered by Constitutional Convention of 1938 and approved by vote of the people November 8, 1938; amended by vote of the people November 8, 1983.)