§ 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. Any officer, director, agent, teller, clerk or employee of any bank, banking association, savings bank, trust company or private banker, who:

Terms Used In N.Y. Banking Law 662

  • 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.
  • director: as used in this Article 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

1. Knowingly overdraws his account with such bank, banking association, savings bank, trust company or private banker, and thereby obtains the money, notes or funds of any such bank, banking association, savings bank, trust company or private banker; or

2. Asks or receives, or consents or agrees to receive, any commission, emolument, gratuity or reward, or any promise of any commission, emolument, gratuity or reward, or any money, property or thing of value or of personal advantage, for procuring or endeavoring to procure for any person, firm or corporation, any loan from, or the purchase or discount of any paper, note, draft, check or bill of exchange, by any such bank, banking association, savings bank, trust company or private banker, or for permitting any person, firm or corporation to overdraw any account with such bank, banking association, savings bank, trust company or private banker,

Is guilty of a misdemeanor.

  Previous section
Next section  
 Article 13-D Contents