2006 New York Code - Banking Board.

 
    § 13.  Banking  board.  1.  There shall be in the banking department a
  banking  board  which  shall   consist   of   seventeen   members.   The
  superintendent  shall  be  a  member  of  the board and its chairman and
  executive head. The other sixteen members  shall  be  appointed  by  the
  governor  by and with the advice and consent of the senate. Each member,
  other than the superintendent and the first person appointed to  fill  a
  new  membership on the board, shall serve for a term of three years from
  the first day of March in the year in which he was appointed  and  until
  his successor has been appointed and has qualified. Any member appointed
  pursuant to the provisions of this section may be removed from office by
  the  governor  whenever in his judgment the public interest may require.
  In case of such removal the governor shall file with the  department  of
  state a statement of the cause of such removal.
    2.  Of  the sixteen members other than the superintendent, eight shall
  have had banking experience, and of  these  eight  there  shall  be  one
  member whose banking experience shall have been gained in group one, one
  in  group two, one in group three, one in group four, one in group five,
  one in group six, one in group seven, and one  in  group  eight  of  the
  following groups:
    Group  one:  banks, trust companies and private bankers located in the
  city of New York and having total assets of one billion dollars or  more
  as  shown  by  the  last periodical reports of condition received by the
  superintendent.
    Group two: banks, trust companies and private bankers located  outside
  the  city  of  New  York  and  having  total assets of one hundred fifty
  million dollars or more as shown  by  the  last  periodical  reports  of
  condition received by the superintendent.
    Group  three:  banks,  trust  companies and private bankers other than
  those in group one and group two.
    Group four: savings banks located in the city  of  New  York  and  the
  counties of Westchester, Rockland, Nassau and Suffolk.
    Group five: savings banks other than those in group four.
    Group six: savings and loan associations.
    Group seven: credit unions.
    Group  eight:  foreign  banking corporations licensed pursuant to this
  article to maintain a branch or agency in  this  state.  Notwithstanding
  any  inconsistent  provision  of  this  chapter or any other law of this
  state, the member whose banking experience shall  have  been  gained  in
  this  group  shall be a resident of this state but need not be a citizen
  of the United States.
    3. The board shall make rules to  regulate  the  method  of  selecting
  candidates  for  consideration  by the governor to fill a vacancy in the
  office of any of the eight  members  herein  required  to  have  banking
  experience.  Such  rules  and any amendments thereto shall be subject to
  the approval of the governor.
    4. The members other than the superintendent shall receive  no  salary
  but  their  expenses incurred in attending meetings shall be paid out of
  the state treasury, on certificate of the superintendent, upon the audit
  and warrant of the comptroller. The board shall make provision  for  the
  holding of regular meetings. The board shall meet at any time on call by
  the superintendent upon two days' notice.  The superintendent shall call
  a  meeting  upon  two  days'  notice upon the written request of any two
  members. The board may by resolution provide for  a  shorter  notice  of
  meeting.  Any action which may be taken by the board at a meeting may be
  taken by instrument in writing  signed  by  all  members  of  the  board
  without  a meeting and any action so taken shall have the same force and
  effect for all purposes as if taken at a meeting. Any number  of  copies
  of  any  such  instrument  each  bearing one or more signatures shall be
  deemed a single instrument.  The board shall elect a secretary and  such
  other  officers  as it deems necessary. The secretary and other officers
  so elected need not be members. The board shall cause a  record  of  its
  proceedings  to be kept. For the purpose of considering questions before
  it, the board  shall  have  access  to  all  books  and  papers  in  the
  department  including  all  reports  and communications, and the members
  shall treat such reports and communications as confidential.