New York § 202-D Foreign banking corporation may not maintain both agencies and branches in this state

New York Statutes

§ 202-D — Foreign banking corporation may not maintain both agencies and branches in this state

New York·Law BNK Banking·Art. 5 Foreign Banking Corporations and National Banks

  § 202-d. Foreign banking corporation may not maintain both agencies\nand branches in this state. No foreign banking corporation licensed to\nmaintain one or more agencies in this state shall be licensed to\nmaintain a branch in this state except upon termination of the operation\nof such agency or agencies; and no foreign banking corporation licensed\nto maintain one or more branches in this state shall be licensed to\nmaintain an agency in this state except upon termination of the\noperation of such branch or branches.\n

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§ 202-d. Foreign banking corporation may not maintain both agencies\nand branches in this state. No foreign banking corporation licensed to\nmaintain one or more agencies in this state shall be licensed to\nmaintain a branch in this state except upon termination of the operation\nof such agency or agencies; and no foreign banking corporation licensed\nto maintain one or more branches in this state shall be licensed to\nmaintain an agency in this state except upon termination of the\noperation of such branch or branches.\n

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