N.Y. Banking Law 200-A – Actions maintained by a foreign banking corporation
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§ 200-a. Actions maintained by a foreign banking corporation.
Terms Used In N.Y. Banking Law 200-A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Statute: A law passed by a legislature.
In maintaining an action or special proceeding in this state, a foreign banking corporation shall maintain such action or proceeding in like manner and subject to the same limitations as are applicable in the case of an action or special proceeding maintained by a domestic banking organization, except as otherwise prescribed by statute.