§ 660 Misconduct of officers, directors, trustees, or employees of banking corporations and of private bankers
§ 661 Officer or agent of banking corporation or a private banker making guaranty or endorsement beyond the legal limit
§ 662 Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or making overdrafts of their accounts
§ 663 Receiving deposits in insolvent bank
§ 664 Unlawful investments by officers of mutual savings banks
§ 665 Misconduct by directors of banking corporations
§ 666-A Loans to be guaranteed by New York state higher education assistance corporation
§ 668 Use of checks with certain photographs or drawings reproduced thereon prohibited
§ 669 Unauthorized use of the term “bank” or “trust company.”
§ 671 False statements or rumors as to banking institutions
§ 672 Falsification of books, reports or statements of private bankers or corporations subject to the banking law
§ 673 Abstraction or misappropriation of money, funds or property, or misapplication of credit of private bankers or corporations to which the banking law is applicable, by an officer, director, trustee, employee or agent thereof
§ 674 Presumption of knowledge of corporate condition and business and of assent thereto by directors; definitions
§ 674-A Unlawful undertakings

Terms Used In New York Laws > Banking > Article 13-D - Misconduct Relating to Banking Organizations

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Allegation: something that someone says happened.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Arrest: Taking physical custody of a person by lawful authority.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authority: shall mean a public benefit corporation created by section forty-one of this article for the purposes specified in article five-I of the general municipal law. See N.Y. Transportation Law 40
  • Bequest: Property gifted by will.
  • Capital project: shall mean the acquisition, construction, reconstruction or improvement of any omnibus, transportation or other omnibus transportation capital facility and real property and capital equipment used in connection therewith; including the preparation of feasibility studies, plans, specifications and estimates of cost therefor. See N.Y. Transportation Law 40
  • Chambers: A judge's office.
  • Commissioner: shall mean the commissioner of transportation. See N.Y. Transportation Law 73-C
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Coordinated public transportation service: shall mean a coordinated transportation service which is predominately a public transportation service as defined in this article. See N.Y. Transportation Law 73-C
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Department: shall mean the state department of transportation. See N.Y. Transportation Law 73-C
  • Dependent: A person dependent for support upon another.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Devise: To gift property by will.
  • director: as used in this article includes any of the persons having, by law, the direction or management of the affairs of a corporation, by whatever name described. See N.Y. Banking Law 674
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Federal project: shall mean a municipal project aided or financed in whole or in part by the federal government. See N.Y. Transportation Law 40
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Governing body: shall mean (1) In a county, the county legislative body; (2) in a city, the board of aldermen, a common council, commission or other body vested by its charter or other law with jurisdiction to enact ordinances or local laws, except that in a city having a population of one million or more, if there be a board of estimate, the term "governing body" shall mean such board of estimate; (3) in a town, the town board; and, (4) in a village, the board of trustees. See N.Y. Transportation Law 40
  • Government: shall include the state, municipality and the federal government, and any agency or instrumentality, corporate or otherwise, or any of them acting for and on behalf of the state, a municipality or the federal government. See N.Y. Transportation Law 40
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Juror: A person who is on the jury.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Majority leader: see Floor Leaders
  • metropolitan transportation authority: shall mean the authority and its subsidiaries, the Long Island railroad, metro-north railroad, metropolitan suburban bus authority and Staten Island rapid transit operating authority, of the Triborough bridge and tunnel authority, and of the New York city transit authority and its subsidiary, the Manhattan and Bronx surface transit operating authority, or any other agency that may come under the control of the authority, or within their custody or control. See N.Y. Transportation Law 219-C
  • Minority leader: See Floor Leaders
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • motor bus: as used in this article shall be deemed to mean and include any commercial motor vehicle held and used for the transportation of passengers for hire or for a business purpose, pursuant to the rules and regulations of the commissioner. See N.Y. Transportation Law 210
  • motor truck: as used in this article shall be deemed to mean and include any commercial motor vehicle held and used for the transportation of goods, wares and merchandise for hire or for a business purpose, pursuant to the rules and regulations of the commissioner. See N.Y. Transportation Law 210
  • Municipal corporation: shall mean a city, town, village, or county not wholly contained within a city, special transportation district, public benefit corporation or other public corporation, or two or more of the foregoing acting jointly. See N.Y. Transportation Law 40
  • Municipal project: shall mean any omnibus transportation capital project undertaken by a municipal corporation. See N.Y. Transportation Law 40
  • Municipality: shall mean a city, town, village or county not wholly contained within a city. See N.Y. Transportation Law 40
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Plan: shall mean a plan or undertaking to carry into effect any municipal project. See N.Y. Transportation Law 40
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Project: shall mean a specific work or improvement to effectuate all or any part of a plan. See N.Y. Transportation Law 40
  • Property: shall mean both real and personal property. See N.Y. Transportation Law 40
  • Public transportation service: shall mean a passenger transportation service which, during its hours of operation, is available on an equal opportunity basis to any person, without preference for service availability, eligiblity or design being given to any person or population sub-group because of age, gender, race, national origin, creed or agency client status, and which is regularly advertised and marketed as available to the general public. See N.Y. Transportation Law 73-C
  • Quorum: The number of legislators that must be present to do business.
  • Real Property: shall include lands, waters, rights in lands or waters, structures, franchises and interests in land, including lands under water, riparian rights, and air rights, and any and all other things and rights usually included within the said term and includes also any and all interests in such property less than full title, such as easements, permanent or temporary, rights-of-way, uses, leases, licenses and all other incorporeal heriditaments and every estate, interest or right legal or equitable. See N.Y. Transportation Law 40
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Rural counties: shall mean those New York state counties having populations of two hundred thousand or less. See N.Y. Transportation Law 73-C
  • Services coordinator: shall mean the person, authority, agency or corporation designated by resolution of a rural county's governing body to undertake or oversee preparation and implementation of the rural county's public transportation service plan in accordance with this article. See N.Y. Transportation Law 73-C
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • special parkways: shall mean the following roadways which are designated and set forth within the county of Westchester:
    (a) the Hutchinson river parkway from the New York city line to the Connecticut line;
    (b) the Saw Mill river parkway from the New York city line northerly to interstate route six hundred eighty-four;
    (c) the Cross County parkway connecting the Saw Mill river and Hutchinson river parkways;
    (d) the Taconic state parkway from the Kensico circle north to the Westchester-Putnam line; and
    (e) the Sprain Brook parkway from the Bronx river parkway at or about Dewitt avenue at Bronxville northerly to a connection with the Taconic state parkway at Hawthorne interchange. See N.Y. Transportation Law 70
  • State: shall mean New York State. See N.Y. Transportation Law 40
  • State Project: shall mean a municipal project aided or financed in whole or in part by the state. See N.Y. Transportation Law 40
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Transportation provider: shall mean any public, private or not-for-profit entity utilizing public funds to provide or contract for public transportation services for the benefit of the general public or specific client groups. See N.Y. Transportation Law 73-C
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Venue: The geographical location in which a case is tried.