2010 New York Code
BNK - Banking
Article 2 - (10 - 45) BANKING DEPARTMENT; SUPERINTENDENT OF BANKS; SUPERVISORY AND REGULATORY POWERS
26 - Licenses to foreign banking corporations; renewal.

§ 26.  Licenses to foreign banking corporations; renewal. Upon receipt
  of an application in proper form of any foreign banking corporation  for
  leave  to do business in this state under the provisions of article five
  of this chapter, the superintendent, if  he  or  she  shall  find  after
  investigation  and  examination  of  what he or she deems to be the best
  sources of information that the character,  responsibility  and  general
  fitness  of  the person or persons named in such application are such as
  to command confidence and warrant  belief  that  the  business  of  such
  foreign  banking  corporation will be honestly and efficiently conducted
  in accordance with the intent and purpose of this chapter and  that  the
  public  convenience  and  advantage  will  be  promoted by granting such
  foreign banking corporation leave to do business in  this  state,  shall
  submit  such application to the banking board together with a summary of
  the results of such investigation. If three-fifths of the members of the
  board shall vote for approval of such  application,  the  superintendent
  shall  execute  and  issue  a  license  under  the  official seal of the
  department authorizing such applicant to carry on such business  at  the
  place  designated  in  the  license.  Such  license shall be executed in
  triplicate and the superintendent shall cause one copy to be transmitted
  to the applicant, another to be filed in the office  of  the  department
  and  the  third  to be filed in the office of the clerk of the county in
  which the place of business designated in such  license  is  located.  A
  license  issued  to  such  foreign  banking corporation pursuant to this
  section shall remain in full  force  and  effect  until  surrendered  or
  revoked.