2017 New York Laws
BNK - Banking
Article 5-C - Interstate Branching
225-B - Applicability of Certain Sections to Out-of-State Banks.

  225-b.  Applicability of certain sections to out-of-state banks. 1.
  Except as otherwise provided in this section, nothing in article five or
  article five-B of this chapter shall apply to an  out-of-state  bank  or
  out-of-state  trust  company  authorized  to open, occupy and maintain a
  branch pursuant to the provisions of this  article  or  a  trust  office
  pursuant  to  this article or to subdivision four of section one hundred
  thirty-one of this chapter. Any reference in this chapter (other than in
  article five or article five-B) to a foreign bank,  foreign  corporation
  or  foreign  banking corporation shall be deemed to be a reference to an
  out-of-state bank or out-of-state  trust  company  authorized  to  open,
  occupy  and maintain a branch pursuant to the provisions of this article
  or a trust office pursuant to this article or  to  subdivision  four  of
  section  one  hundred  thirty-one  of  this chapter. Notwithstanding the
  foregoing, the provisions of section two  hundred  two-h  (Repayment  of
  deposits  standing in the names of minors, trustees, joint depositors or
  custodians; interpleader in certain  actions),  of  this  chapter  shall
  apply  with equal force and effect to out-of-state banks or out-of-state
  trust companies authorized to open, occupy or maintain branches pursuant
  to the provisions of this article.
2. The provisions of section three hundred ninety-nine-a,  subdivision
  three  of  section  one  hundred  thirty, subdivision two of section one
  hundred forty-three, subdivision five of section two hundred forty-seven
  and subdivision five  of  section  three  hundred  ninety-nine  of  this
  chapter  with respect to restrictions on executive officers or directors
  of foreign banking corporations and the provisions of  sections  twenty,
  twenty-six, thirty, thirty-one and six hundred thirty-four, subdivisions
  eleven  and  twelve  of  section  six  hundred five, subdivision four of
  section six hundred six and paragraph (a) of subdivision one of  section
  fourteen  of  this  chapter,  shall  not  apply  to  out-of-state  banks
  authorized  to  open,  occupy  or  maintain  branches  pursuant  to  the
  provisions of this article.