2010 New York Code
BNK - Banking
Article 13 - (600 - 634) MERGER; VOLUNTARY DISSOLUTION; SUPERINTENDENT'S TAKING POSSESSION; REORGANIZATION; LIQUIDATION
600 - Merger; when authorized.

§ 600.  Merger;  when  authorized.  The  following  mergers are hereby
  authorized:
    (1) One or more corporations organized under the laws  of  this  state
  and  subject  to the provisions of article three, article eight, article
  eleven or article  twelve  of  this  chapter  with  another  corporation
  subject to the provisions of the same article.
    (2) One or more mutual savings banks with another mutual savings bank.
    (3)  One  or  more  mutual  savings and loan associations with another
  mutual savings and loan association.
    (4) One or more mutual savings and loan associations with one or  more
  mutual savings banks.
    (5) One or more safe deposit companies with a bank or trust company.
    (6)  One  or  more banks, trust companies, stock-form savings banks or
  stock-form savings and loan associations, with one or more  out-of-state
  banks  as such term is defined in subdivision one of section two hundred
  twenty-two of this chapter.
    (7) One or more subsidiaries or affiliates of a bank,  trust  company,
  savings  bank  or  savings  and  loan association, which are not a bank,
  trust company, savings bank or savings and loan  association,  as  those
  terms  are  defined in section two of this chapter, with the bank, trust
  company, savings bank or savings and loan association of which it  is  a
  subsidiary or affiliate, as the banking board shall approve and enter on
  its  records;  provided, however, that nothing in this subdivision shall
  be deemed to authorize a bank, trust company, savings  bank  or  savings
  and  loan  association  to  exercise any power or engage in any activity
  that it may not exercise or engage in  pursuant  to  this  chapter.  The
  banking  board may promulgate such regulations as it deems necessary and
  proper to implement and  define  the  provisions  of  this  subdivision.
  Nothing in this subdivision shall alter, affect or impair any regulation
  or  resolution  adopted,  or  that may be adopted, by the banking board,
  pursuant to section twelve-a or former sections fourteen-g or fourteen-h
  of this chapter.
    (8) Such other mergers between and among banking institutions  as  the
  banking board may authorize.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.