§ 200 When Foreign Banking Corporation May Transact Business in This State
§ 200-A Actions Maintained by a Foreign Banking Corporation
§ 200-B Actions Maintained Against Foreign Banking Corporation; Residents; Foreign Corporations, Foreign Banking Corporations as Non-Residents
§ 200-C Maintenance of Books, Accounts and Records
§ 201 Conditions to Be Complied With by Foreign Banking Corporations Applying for Initial License
§ 201-A Rights and Privileges of Foreign Banking Corporation Under License; Effect of Revocation
§ 201-B Fiduciary Powers of Foreign Banking Corporations
§ 201-C Notice of Acquisition of Control or Merger
§ 202 Rates of Interest; Installment Obligations; Personal Loan Departments; Effect of Usury
§ 202-A Restrictions On Receiving Deposits
§ 202-B Maintenance of Assets in This State
§ 202-C Reserves Against Deposits
§ 202-D Foreign Banking Corporation May Not Maintain Both Agencies and Branches in This State
§ 202-F Restrictions On Loans, Purchases of Securities and Total Liabilities of Any One Person to New York Branch or Agency of Foreign Bank
§ 202-G Succession to Agency by Branch and to Branch by Agency
§ 202-H Repayment of Deposits Standing in the Names of Minors, Trustees, Joint Depositors or Custodians; Interpleader in Certain Actions
§ 202-I Safe Deposit Business of Branches
§ 202-J Power to Act as Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust
§ 203 Change of Location, Name or Business
§ 204 Reports of Foreign Banking Corporations; Penalties
§ 204-A Payment of Claims by Foreign Banking Corporations Where Adverse Claim Is Asserted; Effect of Claims or Advices Originating In, and Statutes, Rules or
§ 206 Termination of Existence
§ 207 Service of Process On Unlicensed Corporation Formed Under Laws Other Than the Statutes of This State
§ 208 Nondiscriminatory Treatment of Insured State Banks and National Banks
§ 209 Restrictions On Executive Officers of Foreign Banking Corporations and National Banks

Terms Used In New York Laws > Banking > Article 5 - Foreign Banking Corporations and National Banks

  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
  • 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