N.Y. BNK Law § 222 — New York Code / Act BNK / Article 5-C / Section 222
Definitions
Status: in_force

§ 222. Definitions. In this article, the following definitions shall\napply:\n  1. The term "out-of-state bank" means an out-of-state state bank, an\nout-of-state national bank, or an out-of-state federal savings\nassociation.\n  2. The term "out-of-state state bank" means a state bank, as such term\nis defined in section 3(a)(2) of the Federal Deposit Insurance Act (12\nU.S.C. 1813(a)(2)), or an out-of-state state-chartered trust company,\nbut such term shall not include a banking organization.\n  3. The term "out-of-state national bank" means a national banking\nassociation the main office of which is located outside this state.\n  4. The term "out-of-state federal savings association" means any\nfederal savings association or federal savings bank which is chartered\nunder Section 5 of the Home Owners Loan Act (12 U.S.C. 1464) the home\noffice of which is located outside this state.\n  5. The term "out-of-state trust company" means either a nationally\nchartered trust company or an out-of-state state-chartered trust company\nthat has the power to exercise fiduciary powers, but is not insured by\nthe Federal Deposit Insurance Corporation.\n  6. The term "New York bank" means a bank, trust company savings bank,\nor savings and loan association as such terms are defined in\nsubdivisions one, two, four and eight of section two of this chapter.\n  7. The term "state" means any state of the United States (other than\nthis state), the District of Columbia, any territory of the United\nStates, Puerto Rico, Guam, American Samoa, the Trust Territory of the\nPacific Islands, the United States Virgin Islands, and the Northern\nMariana Islands.\n  8. The term "home state" means with respect to an out-of-state state\nbank or out-of-state state-chartered trust company, the state under the\nlaws of which such out-of-state state bank or out-of-state\nstate-chartered trust company is incorporated or otherwise organized,\nand with respect to an out-of-state national bank or trust company, the\nstate in which such out-of-state national bank's or trust company's main\noffice is located.\n  9. The term "acquisition transaction" means any merger, consolidation\nor purchase of assets and assumption of liabilities of all or part of a\nbanking institution.\n  10. The term "like-type banking organization" means, with respect to\nan out-of-state bank, a banking organization with the type of charter\nthat most nearly corresponds to the charter of such out-of-state bank,\nas determined by the superintendent.\n  11. The term "appropriate state supervisor" means the home state\nsupervisor with supervisory and regulatory jurisdiction over an\nout-of-state state bank or out-of-state state-chartered trust company in\nits home state.\n  12. The term "banking institution" means any bank, trust company,\nsavings bank, savings and loan association, or branch of a foreign\nbanking corporation the deposits of which are insured by the federal\ndeposit insurance corporation, which is incorporated, chartered,\norganized or licensed under the laws of this state or any other state of\nthe United States, or under the laws of the United States.\n  13. The term "branch" means any office of a banking institution at\nwhich deposits are received, checks paid or money lent. Except for\npurposes of subdivision three of section two hundred twenty-four of this\narticle, the term shall not include an automated teller machine or other\nelectronic facility. For purposes of this article, the term "branch"\nshall also refer to the principal or main office of a banking\ninstitution.\n  14. The term "trust office" means an office of a banking institution\nother than a branch at which such institution may conduct one or more\nfiduciary activities permitted for a trust company.\n