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the New York Laws
2017 New York Laws
BNK - Banking
Article 5-C - Interstate Branching
223-A - Establishment of Branches by Out-of-State Banks by De Novo Branching.
Universal Citation: NY Banking L § 223-A (2017)
223-a. Establishment of branches by out-of-state banks by de novo branching. In addition to the authority of an out-of-state bank to maintain a branch or branches by means of an acquisition transaction, an out-of-state bank may establish one or more de novo branches in this state; provided, however, that an out-of-state state bank shall obtain the superintendent's prior approval in accordance with the requirements in section two hundred twenty-four of this chapter.
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