Foreign Banking Corporation May Not Maintain Both Agencies and Branches in This State.

  1. Law
  2. New York Laws
  3. Banking
  4. Foreign Banking Corporations and National Banks
  5. Foreign Banking Corporation May Not Maintain Both Agencies and Branches in This State.

Checkout our iOS App for a better way to browser and research.

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



Download our app to see the most-to-date content.