reglab/housing_qa huggingface dataset:
NY Banking L § 228-C (2021)
2021 New York Laws BNK - Banking Article 5-D - Small Business Investment Companies 228-C - Purposes, Powers and Operation.

§ 228-c.  Purposes,  powers  and operation. 1. (a) The purposes of the NYSBIC shall be to serve the needs of the small  business  community  in the  state  of  New  York.  The  NYSBIC shall direct its efforts towards providing small business with start-up, venture,  operating  or  working capital,  particularly where general economic and historical conditions, such  as  recent  employment  displacement  caused   by   international, national,   state,  regional,  and  local  economic  developments,  have prevented traditional capital sources  from  extending  credit  to  such small businesses.  (b)  The  purposes  of  the  NYSSBIC  shall be to provide financing to facilitate small business ownership by minorities and persons who reside in  highly  distressed  areas  as  defined  in   section   two   hundred twenty-eight-b of this article, neighborhood based alliance communities, and  persons  eligible  for the earned income tax credit under an act to amend the internal revenue code of 1954, Pub.  L.  94-12,  89  Stat.  30 (1975),  as  amended,  and the regulations promulgated thereunder, whose participation in the free enterprise system is hampered by an  inability to  compete effectively for capital in the marketplace due to prevailing or  past  restrictive  practices   provided,   however,   in   approving applications  for  assistance,  priority  shall  be  given to minorities residing in neighborhood based alliance communities,  designated  empire zones  or  highly distressed areas. The NYSSBIC shall direct its efforts toward providing these businesses with start-up, venture,  operating  or working  capital. The NYSSBIC will adopt an investment policy consistent with the policy set forth in Section 301(d).  (c) The NYSBIC and the NYSSBIC shall function as licensees and perform the  respective  functions  set  forth  in  Title  III  and   applicable regulations.   2. In furtherance of the purposes set forth in subdivision one of this section,  and  in addition to the powers conferred on stock corporations by the business corporation law,  the  NYSBIC  and  the  NYSSBIC  shall, subject  to  the  restrictions and limitations contained in this article and without limiting any power  otherwise  conferred  herein,  have  the following powers:  (a)  To  lend  money  and conduct other financing transactions at such rate or rates as may be  available  to  banking  organizations  licensed under this chapter; and  (b) To enter such business and financing transactions and arrangements at such rates and under such terms and conditions as may be permitted to licensees under Sections 301(c), 301(d) and applicable regulations.
NY Banking L § 228-D (2021)
2021 New York Laws BNK - Banking Article 5-D - Small Business Investment Companies 228-D - New York Small Business Investment Company; Board of Directors.

§ 228-d.   New  York  small  business  investment  company;  board  of   directors. 1. The corporate  powers  of  the  New  York  small  business   investment  companies  shall be exercised by a board of directors, which   shall consist of thirty persons, all of  whom  shall  be  of  full  age,   citizens  of  the  United  States,  and  residents of this state. Of the   thirty members of the board of directors, twenty shall  be  selected  by   the  voting  shareholders and ten shall be selected by the governor, two   upon the recommendation of the president pro tem of the New  York  state   senate,  one upon recommendation of the senate minority leader, two upon   the recommendation of the speaker of the New York state assembly and one   upon recommendation of the assembly minority leader.2. The president of the investment  company  shall  be  elected  by  a   majority of the board of directors.3.  Nothing  contained in this section shall prevent a director of the   New York small business investment company from serving as a director of   the New York specialized small business investment company  nor  prevent   the  president  of  the  NYSBIC  from  serving  as  the president of the   NYSSBIC.
NY Banking L § 228-E (2021)
2021 New York Laws BNK - Banking Article 5-D - Small Business Investment Companies 228-E - New York Specialized Small Business Investment Company; Board of Directors.

§ 228-e. New York specialized small business investment company; board   of  directors. 1. The corporate powers of the New York specialized small   business  investment  companies  shall  be  exercised  by  a  board   of   directors,  which  shall consist of thirty persons, all of whom shall be   of full age, citizens of the United States, and residents of this state.   Of the thirty members  of  the  board  of  directors,  twenty  shall  be   selected  by  the  voting  shareholders and ten shall be selected by the   governor, two upon the recommendation of the president pro  tem  of  the   New  York  state  senate, one upon recommendation of the senate minority   leader, two upon the recommendation of the speaker of the New York state   assembly and one upon recommendation of the assembly minority leader.2. The president of the investment  company  shall  be  elected  by  a   majority of the board of directors.3.  Nothing  contained in this section shall prevent a director of the   New York specialized small business investment company from serving as a   director of the New York small business investment company  nor  prevent   the  president  of  the  NYSSBIC  from  serving  as the president of the   NYSBIC.
NY Banking L § 228-F (2021)
2021 New York Laws BNK - Banking Article 5-D - Small Business Investment Companies 228-F - Reports.

§ 228-f.  Reports.  1.  The  investment companies shall make an annual report of their conditions to the  governor,  the  legislature  and  the superintendent of financial services, on or before January first of each year.   2. Commencing January first, nineteen hundred ninety-five, such annual report shall contain but not be limited to the following:  (a)  information  on  the cost and source of funds and capital and the total allowable amount available from the voting shareholders,  and  the maximum amount committed by each individual voting shareholder;  (b)  classification  of  the  businesses  in the investment companies' portfolio by standard industrial code;  (c) information on the types of financing provided by  the  investment companies,  including  start-up,  venture,  operating or working capital loans, the size and term of loans, and a  breakdown  of  investments  by senior debt, subordinated debt and equity financing;  (d)  information  on interest rates of loans, including the percentage of fixed and variable rate loans;  (e) information on how the NYSBIC is fulfilling its mission to provide small businesses with  credit  assistance,  particularly  where  general economic  and  historical  conditions have prevented traditional capital sources from extending credit to such small business;  (f) information on how  the  NYSSBIC  is  fulfilling  its  mission  to provide  credit  assistance  to  facilitate  small business ownership by minorities,  persons  who  reside  in   highly   distressed   area   and neighborhood  based  alliance  communities  and persons eligible for the earned income credit as provided by paragraph (b) of subdivision one  of section two hundred twenty-eight-c of this article;  (g)  information  on  resources  and  actions  taken  to  advance  the investment companies' marketing programs, including  their  coordination and  efforts  to  solicit  the  assistance  of  local  bankers and local economic development corporations,  the  state  department  of  economic development,  the  job  development  authority,  the  urban  development corporation, the science and technology foundation, the state university of New York small business development centers, the centers for advanced technology and other New  York  state  agencies  and  organizations  the investment companies deem appropriate.
NY Banking L § 229 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 229 - Application.

§ 229. Application.1.  This  article applies to every savings bank and shall not apply to   any other banking organization except to such extent, if any, as may  be   specified  in  any  article  of  this  chapter  governing  such  banking   organization; provided, however, that in the case of stock-form  savings   banks,  this  article applies to every such organization except that the   superintendent of financial services, consistent with the declaration of   policy described  in  section  fourteen-e  of  this  chapter,  shall  be   empowered to deem inapplicable to stock-form savings banks, sections two   hundred  thirty,  two  hundred  thirty-one,  two hundred thirty-two, two   hundred thirty-three, subdivisions one and two of  section  two  hundred   thirty-four,  two  hundred  forty-three,  two  hundred  forty-four,  two   hundred forty-five, two hundred forty-six, two hundred forty-six-a,  two   hundred  forty-seven,  two  hundred forty-eight, two hundred forty-nine,   two hundred fifty, two hundred fifty-one and two  hundred  fifty-two  of   this chapter.2.  The  general  corporation  law,  the stock corporation law and the   business corporation law shall not apply to any savings bank.  If  there   should  be  in  any other corporate law a provision which conflicts with   any provision of this chapter,  the  provision  of  this  chapter  shall   prevail  and the conflicting provision of such other corporate law shall   not apply in such case.
NY Banking L § 230 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 230 - Incorporation; Organization Certificate.

§ 230. Incorporation; organization certificate. When authorized by the   superintendent as provided in article two of this chapter, not less than   nine  nor  more than twenty persons may incorporate a savings bank. They   shall  subscribe  and  acknowledge  an   organization   certificate   in   duplicate, which shall specifically state:1. The name by which the corporation is to be known.2. The place where its principal office is to be located.3. Its duration if other than perpetual.4.  The  name,  occupation,  citizenship,  residence  and  post-office   address of each incorporator.5. The amount which each incorporator will contribute in cash  to  the   surplus fund.6.  The  names  of  the  incorporators who are to constitute its first   board of trustees. Such persons as individuals and as a  group  must  be   free of the disqualifications specified in section two hundred forty-six   of this article.
NY Banking L § 232 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 232 - Organization Certificate to Be Submitted to Superintendent; Proof of Publication and Service of Notice of Intention.

§ 232.  Organization  certificate  to  be submitted to superintendent;   proof of publication and service of notice of intention. After the lapse   of at least twenty-eight days from the date of the first due publication   of the notice of intention to organize and within  ten  days  after  the   date  of  the  last  publication  thereof, the organization certificate,   executed in  duplicate,  shall  be  submitted  for  examination  to  the   superintendent  with  affidavits  showing due publication and service of   the notice of intention to organize.
NY Banking L § 233 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 233 - When Corporate Existence Begins; Conditions Precedent to Commencing Business.

§ 233.  When  corporate  existence  begins;  conditions  precedent  to   commencing business. When the superintendent  shall  have  approved  the   organization  certificate,  as  provided in article two of this chapter,   the corporate existence of the savings bank  shall  begin,  and  it  may   exercise all the powers necessary to the completion of its organization.   Such savings bank shall transact no other business until:1.  The  incorporators  shall  have  deposited  to  the credit of such   savings bank in cash as an initial surplus fund at  least  ten  thousand   dollars, and, if the superintendent shall so require, shall have entered   into  an agreement or undertaking with the superintendent as trustee for   the depositors of the savings bank, to make such  further  contributions   in  cash  to  the surplus fund as, in the opinion of the superintendent,   may be necessary to maintain the  savings  bank  in  safe  condition  to   continue business, and shall have filed with the superintendent a surety   bond  of  a corporation authorized to transact the business of insurance   in this state, securing such agreement  or  undertaking  in  the  amount   required by the superintendent.2.  It  shall  have informed the superintendent of the name, residence   and post-office address of each officer of the corporation.3. The superintendent shall have duly issued to it  the  authorization   certificate specified in article two of this chapter.
NY Banking L § 234-A (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 234-A - Settlement, Modification or Readjustment of Investment.

§ 234-a.  Settlement,  modification  or readjustment of investment.  A   savings bank may consent to any settlement, modification or readjustment   of any investment in securities legally made by such savings  bank,  and   may  accept and hold stocks, bonds, notes, securities or other property,   real or personal, offered in full or partial settlement, modification or   readjustment of any such investment.   The superintendent  may,  in  his   discretion,  require  any  savings  bank  to  dispose  of any investment   acquired by it pursuant to this section.
NY Banking L § 234-B (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 234-B - Trust Powers.

§ 234-b.  Trust powers. 1. The superintendent of financial services is   authorized and empowered to  grant  permission  to  a  savings  bank  to   exercise any or all of the powers specified in sections one hundred, one   hundred-a,  one  hundred-b and one hundred-c of this chapter. In passing   upon applications for  permission  to  exercise  any  such  powers,  the   superintendent  of  financial  services  may take into consideration the   amount of surplus of the applying savings  bank,  whether  or  not  such   surplus  is sufficient under the circumstances of the case, the needs of   the community to be served and any other facts  and  circumstances  that   seem to it proper, and may grant or refuse it permission accordingly.2. Whenever the laws of this state require a trust company acting in a   fiduciary  capacity to deposit securities with the state authorities for   the protection of private or court trusts, a savings bank, so acting, is   empowered to make similar deposits of securities.4.  The  superintendent  of  financial  services  is   authorized   to   promulgate such regulations as he or she may deem necessary or proper to   implement  the provisions of this section and the proper exercise of the   powers granted by this section.
NY Banking L § 235-B (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 235-B - Effect of Usury.

§ 235-b.  Effect of usury. The knowingly taking, receiving, reserving,   or charging by a savings bank of interest at a rate greater than six per   centum per annum, as computed pursuant to this section, or in excess  of   such greater rate of interest as may be authorized by law, shall be held   and adjudged a forfeiture of the entire interest which the note or other   evidence  of  debt  carries with it, or which has been agreed to be paid   thereon. If such greater rate of interest  has  been  paid,  the  person   paying  the  same  or  his  legal  representatives  may recover from the   savings bank twice the entire amount of the interest thus paid.  Nothing   in this section shall be deemed to affect the powers of any savings bank   with respect to loans or investments it is authorized to make.* § 235-b.   Effect   of   usury.  The  knowingly  taking,  receiving,   reserving, or charging by a savings bank of interest at a  rate  greater   than such rate of interest as may be authorized by law shall be held and   adjudged  a  forfeiture  of  the entire interest which the note or other   evidence of debt carries with it, or which has been agreed  to  be  paid   thereon.  If  such  greater  rate  of interest has been paid, the person   paying the same or  his  legal  representatives  may  recover  from  the   savings  bank  twice  the  entire  amount  of the interest thus paid, if   action therefor is brought within two years from the time the excess  of   interest is taken. Nothing in this section shall be deemed to affect the   powers  of  any  savings bank with respect to loans or investments it is   authorized to make.* NB Effectiveness of amendments made by chapter 349/1989  §7  expired   September 1, 1971 per §13 of such chapter
NY Banking L § 235-C (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 235-C - Regulation of Certain Charges.

§ 235-c.   Regulation   of  certain  charges.  The  superintendent  of   financial services shall have the power to prescribe by  regulation  (i)   the  maximum charge which may be imposed in this state by a savings bank   in connection with a check or other  written  order  drawn  upon  it  on   insufficient  funds,  irrespective  of  whether  the instrument is paid,   accepted or returned by the bank, and (ii) the maximum charge which  may   be imposed in this state by a savings bank in connection with a check or   other  written  order  received  by  it  for  deposit  or collection and   subsequently dishonored and returned for any reason by the drawee.
NY Banking L § 235-D (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 235-D - Service Corporations Owned by Savings Banks; Authorized Activities of Such Corporations; Investment Therein.

§ 235-d.  Service  corporations  owned  by  savings  banks; authorized   activities of such corporations; investment therein. 1. A  savings  bank   may  invest  in  the  stock, capital notes and debentures of one or more   service corporations organized under the laws of this state for the sole   activities set forth in subdivision two of this section, to  the  extent   and  upon  such  conditions  as  are  or  have  been  authorized  by the   superintendent of financial services, provided that all of the stock  of   such  service corporations is, or is to be, owned by one or more savings   banks;  and  provided  further,  that  no  savings  bank  may  make  any   investment  under  this  section if its aggregate outstanding investment   thereby, determined as prescribed by  the  superintendent  of  financial   services, would thereupon exceed three per centum of its assets.2.  The activities of such service corporations, performed directly or   through  one  or  more  wholly  owned  subsidiaries,  shall  consist  of   rendering such services to savings banks and making such investments for   itself  and for savings banks as are authorized services and investments   for such savings banks under the provisions of this chapter, as well  as   such  activities  as  may  be  prescribed  by  general regulation of the   superintendent of financial services.
NY Banking L § 236 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 236 - Deposits by Savings Banks With Other Banking Corporations and Private Bankers; Restrictions.

§ 236.  Deposits  by savings banks with other banking corporations and   private bankers; restrictions. 1. Except for investments  made  pursuant   to  subdivision  twelve-a  of  section  two  hundred thirty-five of this   chapter, no savings bank shall deposit any of its funds with  any  other   banking corporation or private banker unless such corporation or private   banker  has been designated as a depositary by vote of a majority of all   the trustees of the savings bank, exclusive of any  trustee  who  is  an   officer, partner, director or trustee of the depositary so designated.2.  The  amount  deposited  by  any  savings  bank  in any depositary,   including  investments  made  pursuant  to  subdivisions  twelve-a   and   twelve-b  of  section two hundred thirty-five of this chapter, shall not   exceed twenty-five per centum of the net worth  as  shown  by  the  last   published statement of such depositary, if a corporation, or twenty-five   per  centum  of  the  permanent capital and surplus as shown by the last   published statement of such depositary, if a private banker, or five per   centum of the aggregate  amount  credited  to  the  depositors  of  such   savings bank, whichever is smaller.
NY Banking L § 239-A (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 239-A - Preservation of Books and Records.

§  239-a.  Preservation of books and records. Every savings bank shall   preserve all its records of final entry, including cards used under  the   card system and deposit tickets, for a period of at least six years from   the  date of making the same or from the date of the last entry thereon;   provided,  however,  that  preservation  of  photographic  reproductions   thereof or records in photographic form shall constitute compliance with   the  requirements  of  this  section. Notwithstanding the foregoing, the   superintendent of financial services may prescribe  by  regulation  such   period of time longer or shorter than six years during which all records   kept by saving banks as fiduciary shall be preserved in original form.
NY Banking L § 240-A (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 240-A - Electronic Facilities.

§ 240-a.  Electronic  facilities. A savings bank may conduct a banking   business, at automated teller  machines,  point-of-sale  terminals,  and   similar  facilities  subject  to regulations which may be promulgated by   the superintendent of financial services. Such facilities shall  not  be   deemed  to be branches and shall not be subject to any of the provisions   of  this  chapter  applicable  to  branches;   provided   however   that   notwithstanding   the  foregoing,  for  purposes  of  paragraph  (b)  of   subdivision two of section two  hundred  forty  of  this  chapter,  such   facilities  shall be deemed to be branches, and such facilities shall be   subject to the terms and conditions of section two  hundred  forty,  and   for  purposes of section twenty-eight-b of this chapter, such facilities   shall be deemed to be branches.
NY Banking L § 240-B (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 240-B - Acceptance of United States Currency.

§ 240-b.  Acceptance  of United States currency. No savings bank shall   impose a fee, commission or service charge for accepting for deposit  or   exchanging  for  other United States currency any United States currency   provided that any coins are properly  rolled  and  have  the  customer's   account  number  for  that  savings  bank  displayed  on  the coin roll,   provided  further  that  no  more  than  ten  rolls  of  coins  in   any   denomination are presented for deposit or exchange at any one time.