New York § 221-C Application for license; fees

New York Statutes

§ 221-C — Application for license; fees

New York § 221-C

Law BNKBanking

Art. 5-BLicense For a Foreign Banking Corporation to Maintain a Representative

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Bluebook

N.Y. Banking § 221-C (2026).

Text

  § 221-c. Application for license; fees. The application for such\nlicense shall be in writing under oath and shall contain the information\nrequired by and be in the form prescribed by the superintendent. As part\nof the application, the foreign banking corporation shall appoint the\nsuperintendent or his or her successor as agent for service of process\nin connection with any action or proceeding against the foreign banking\ncorporation relating to any cause of action which may arise out of a\ntransaction with its representative office, with the same force and\neffect as if it were a domestic corporation and had been lawfully served\nwith process in this state. At the time of making such application, the\napplicant shall pay to the superintendent an investigation fee as\nprescribed purs

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§ 221-c. Application for license; fees. The application for such\nlicense shall be in writing under oath and shall contain the information\nrequired by and be in the form prescribed by the superintendent. As part\nof the application, the foreign banking corporation shall appoint the\nsuperintendent or his or her successor as agent for service of process\nin connection with any action or proceeding against the foreign banking\ncorporation relating to any cause of action which may arise out of a\ntransaction with its representative office, with the same force and\neffect as if it were a domestic corporation and had been lawfully served\nwith process in this state. At the time of making such application, the\napplicant shall pay to the superintendent an investigation fee as\nprescribed pursuant to section eighteen-a of this chapter.\n