2012 New York Consolidated Laws
FIS - Financial Services Law
Article 2 - (201 - 207) ORGANIZATION OF THE DEPARTMENT OF FINANCIAL SERVICES
205-B - State charter advisory board.

 
    * §  205-b.  State  charter  advisory board. There shall be within the
  department  a  state  charter  advisory   board   to   work   with   the
  superintendent   in  retaining  state  chartered  banking  institutions,
  encouraging federally chartered  institutions  to  convert  to  a  state
  charter  and  promoting  the  state  banking system. There shall be nine
  members  of  the  advisory  board  who  shall  be   appointed   by   the
  superintendent.  The membership shall consist of: (a) one representative
  of  credit  unions,  (b)  one  representative  of  consumers,  (c)   one
  representative of foreign banks; and (d) representatives of banks which,
  to  the  extent  practicable,  reflect  a range of size and geographical
  location,  provided,  however,  that  at  least  one   shall   represent
  institutions  of more than three billion dollars in assets; at least two
  shall represent institutions of less than five hundred  million  dollars
  in  assets.  The superintendent shall make rules to govern the method by
  which state chartered institutions may nominate persons to the board and
  the process for selecting such members, provided that the representative
  of consumers shall be selected by the superintendent. The term  of  each
  member of such advisory board shall be three years, or until a successor
  is  appointed and vacancies shall be filled for the unexpired term only.
  The board shall meet at least three times annually pursuant to the  call
  of  the  superintendent.  Such  meetings  may  be  held  by  means  of a
  conference telephone or similar communications  equipment  allowing  all
  persons  participating  in  the  meeting  to hear each other at the same
  time. The members of the advisory board shall  receive  no  compensation
  nor reimbursement for expenses. The advisory board may:
    (1)  consider  and  recommend  ways to maintain the state charter as a
  viable and attractive option, including bringing to the superintendent's
  attention issues of concern to state chartered banking institutions;
    (2) consider and recommend ways to encourage banking  institutions  to
  offer  a  diversity  of  financial  products and services throughout the
  state;
    (3) recommend to the superintendent the establishment of such laws  as
  may be deemed necessary, and the amendment or repeal thereof;
    (4)  recommend  to  the  superintendent  the promulgation of rules and
  regulations not inconsistent with the law, as may be  deemed  necessary,
  and the amendment or repeal thereof; and
    (5)   report  within  thirty  days  after  receipt,  on  any  proposed
  regulations, amendments thereto,  or  repeal  thereof,  prior  to  final
  action thereon by the superintendent.
    The   advisory  board  shall  have  no  executive,  administrative  or
  appointive powers or duties.
    * NB Repealed October 3, 2016