2013 New York Consolidated Laws
BNK - Banking
Article 2 - (10 - 45) DEPARTMENT OF FINANCIAL SERVICES; SUPERINTENDENT OF FINANCIAL SERVICES; SUPERVISORY AND REGULATORY POWERS
26 - 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  or  she  shall  find  after
  investigation  and  examination  of  what he or she deems to be the best
  sources of information 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
  execute  and  issue  a license under 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  the
  place  of  business  designated  in  such  license is located. A license
  issued to such foreign banking  corporation  pursuant  to  this  section
  shall remain in full force and effect until surrendered or revoked.