2006 New York Code - Termination Of Existence.


 
    § 206.  Termination  of  existence. When a foreign banking corporation
  licensed pursuant to article five of this chapter is  dissolved  or  its
  authority  or  existence  is  otherwise  terminated  or cancelled in the
  jurisdiction of its incorporation, a certificate of  the  superintendent
  of  banks,  or official performing the equivalent function as to records
  of banking corporations, of the jurisdiction of  incorporation  of  such
  foreign  banking  corporation  attesting  to  the occurrence of any such
  event or a certified copy of an order or  decree  of  a  court  of  such
  jurisdiction   directing   the   dissolution  of  such  foreign  banking
  corporation, the termination of its existence or the cancellation of its
  authority shall be delivered to the superintendent. The  filing  of  the
  certificate,  order  or  decree  shall  have  the  same  effect  as  the
  revocation of its license under  section  forty  of  this  chapter.  The
  superintendent   shall   continue   as  agent  of  the  foreign  banking
  corporation upon whom process against it may be served in any action  or
  special  proceeding  based  upon any liability or obligation incurred by
  the foreign banking corporation within this state prior to the filing of
  such certificate, order or decree and he shall promptly cause a copy  of
  such  process to be mailed by registered mail, return receipt requested,
  to such foreign corporation at the post office address on  file  in  his
  office  specified  for  such  purpose.  The  post  office address may be
  changed in the manner provided in section two hundred of this chapter.


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.