2006 New York Code - Conditions To Be Complied With By Foreign Banking Corporations Applying For Initial License.

 
    § 201.  Conditions to be complied with by foreign banking corporations
  applying for initial license. Every foreign banking  corporation  before
  being  licensed  by  the  superintendent  to  transact in this state the
  business of buying, selling, paying or collecting bills of exchange,  or
  of  issuing  letters of credit or of receiving money for transmission or
  transmitting the same by draft, check, cable or otherwise, or of  making
  loans,  or  receiving  deposits,  and  before  being  authorized  by the
  superintendent to exercise the fiduciary powers specified in section two
  hundred one-b of this chapter, or any part of such business,  or  before
  maintaining  in  this state its initial agency or branch for carrying on
  such business or any part thereof, shall subscribe and  acknowledge  and
  submit  to  the superintendent at his office, an application certificate
  in duplicate, which shall specifically state:
    1. The name of such foreign banking corporation.
    2. The place where its business is to be transacted in this state; and
  if such business is to be conducted through an agency in this state, the
  name of the agent  or  agents  through  whom  such  business  is  to  be
  transacted;  and if such business is to be transacted in this state by a
  branch of said foreign banking corporation, the name of the  person  who
  shall be in charge of the business and affairs of such branch.
    3.  The  amount  of  its  capital actually paid in cash and the amount
  subscribed for and unpaid.
    4. The actual value of the assets of such corporation, which  must  be
  at  least  one  million  dollars  in  excess  of  its liabilities; and a
  complete and detailed statement of its financial condition as of a  date
  prior  to  the  date  of  such  application as the superintendent in his
  discretion may determine.
    At  the  time  such  application  certificate  is  submitted  to   the
  superintendent, such corporation shall also submit a duly exemplified or
  otherwise  authenticated copy of its charter and a verified or otherwise
  authenticated copy of its by-laws, or an equivalent thereof satisfactory
  to the superintendent, and pay an investigation fee to be  collected  by
  the superintendent in the sum of two thousand dollars.