2006 New York Code - 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   shall   find   after
  investigation and examination of what he deems to be the best sources of
  information  at  his  command  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  his investigation. If three-fifths of the
  members of the board shall vote for approval of  such  application,  the
  superintendent  shall  issue  a  license under his hand and 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 is located the place  of  business  designated  in  such
  license.  A  license which is issued to such foreign banking corporation
  pursuant to this section shall remain in full  force  and  effect  until
  surrendered or revoked.