NY Banking L § 200 (2021)
2021 New York Laws BNK - Banking Article 5 - Foreign Banking Corporations and National Banks 200 - When Foreign Banking Corporation May Transact Business in This State.

§ 200.  When foreign banking corporation may transact business in this   state. No foreign banking corporation, other than a bank organized under   the laws of the United States, shall transact in this state the business   of buying, selling, paying  or  collecting  bills  of  exchange,  or  of   issuing  letters  of  credit  or  of receiving money for transmission or   transmitting the same by draft, check, cable or otherwise, or of  making   loans,  or  of receiving deposits, or of exercising the fiduciary powers   specified in section two hundred one-b of this chapter,  or  transacting   any  part  of  such  business,  or maintaining in this state its initial   agency or branch for carrying on such business,  or  any  part  thereof,   unless such corporation shall have:1.  Been authorized by its charter to carry on such business and shall   have complied with the laws of the state or country under  which  it  is   incorporated;2.  Furnished  to  the  superintendent such proof as to the nature and   character of its business and as to its financial condition  as  he  may   require;3.  Filed  in  the  office  of  the superintendent (a) a duly executed   instrument  in  writing,  by  its  terms  of  indefinite  duration   and   irrevocable, appointing the superintendent and his or her successors its   true  and  lawful  attorney,  upon  whom  all  process  in any action or   proceeding against it on a cause of action arising out of a  transaction   with  its  New  York  agency  or  agencies or branch or branches, may be   served with the  same  force  and  effect  as  if  it  were  a  domestic   corporation  and  had been lawfully served with process within the state   and (b) a written certificate of designation, which may be changed  from   time  to  time  thereafter  by  the  filing  of  a  new  certificate  of   designation, specifying the name and address of the  officer,  agent  or   other   person   to   whom  such  process  shall  be  forwarded  by  the   superintendent;4. Received a license duly issued  to  it  by  the  superintendent  as   provided  in  article  two of this chapter and, in the case of a foreign   banking corporation desiring to exercise the fiduciary powers  specified   in  section  two  hundred  one-b  of  this chapter, or any part thereof,   received a certificate  of  authorization  duly  issued  to  it  by  the   superintendent as provided in such section two hundred one-b.This  section  shall  not  be  construed  to  prohibit foreign banking   corporations which do not maintain an  office  in  this  state  for  the   transaction  of  business from (1) making loans in this state secured by   mortgages on real property, nor from contracting in this  state  with  a   banking institution engaged in the business of banking under the laws of   this  state  to  acquire from or through such banking institution a part   interest or the entire interest in a loan or evidence of debt which such   banking institution has  heretofore  or  hereafter  made,  purchased  or   acquired,  for  its  own  account  or  otherwise,  together  with a like   interest in any security and any  security  instrument  proposed  to  be   given  or  heretofore or hereafter given to secure or evidence such loan   or evidence of debt; (2) enforcing in this state obligations  heretofore   or  hereafter  acquired  by it in the transaction of business outside of   this state, or in the transaction of any  business  authorized  by  this   section;  (3)  acquiring, holding, leasing, mortgaging, contracting with   respect to, or otherwise protecting or conveying property in this  state   heretofore  or hereafter assigned, transferred, mortgaged or conveyed to   it as security for, or in whole or part satisfaction of a loan or  loans   made  by it or obligations acquired by it in the transaction of business   outside of this state, or in the transaction of any business  authorized   by this section. If  any  foreign banking corporation has opened and occupied an agency   or branch in this state pursuant to the provisions of this  chapter,  it   may,  unless otherwise advised by the superintendent, open and occupy an   additional agency or branch, as the case may be, without having to apply   for  the  approval  of  the  superintendent,  provided that it gives the   superintendent notice of at least thirty days (or such shorter period as   the superintendent in individual cases may approve) before  opening  and   occupying any such additional office.