NY Fin Serv L § 205-B (2021)
2021 New York Laws FIS - Financial Services Law Article 2 - Organization of the Department of Financial Services 205-B - State Charter Advisory Board.

* §  205-b.  State  charter  advisory board. There shall be within the department  a  state  charter  advisory   board   to   work   with   the superintendent   in  retaining  state  chartered  banking  institutions, encouraging federally chartered  institutions  to  convert  to  a  state charter  and  promoting  the  state  banking system. There shall be nine members  of  the  advisory  board  who  shall  be   appointed   by   the superintendent.  The membership shall consist of: (a) one representative of  credit  unions,  (b)  one  representative  of  consumers,  (c)   one representative of foreign banks; and (d) representatives of banks which, to  the  extent  practicable,  reflect  a range of size and geographical location,  provided,  however,  that  at  least  one   shall   represent institutions  of more than three billion dollars in assets; at least two shall represent institutions of less than five hundred  million  dollars in  assets.  The superintendent shall make rules to govern the method by which state chartered institutions may nominate persons to the board and the process for selecting such members, provided that the representative of consumers shall be selected by the superintendent. The term  of  each member of such advisory board shall be three years, or until a successor is  appointed and vacancies shall be filled for the unexpired term only. The board shall meet at least three times annually pursuant to the  call of  the  superintendent.  Such  meetings  may  be  held  by  means  of a conference telephone or similar communications  equipment  allowing  all persons  participating  in  the  meeting  to hear each other at the same time. The members of the advisory board shall  receive  no  compensation nor reimbursement for expenses. The advisory board may:  (1)  consider  and  recommend  ways to maintain the state charter as a viable and attractive option, including bringing to the superintendent's attention issues of concern to state chartered banking institutions;  (2) consider and recommend ways to encourage banking  institutions  to offer  a  diversity  of  financial  products and services throughout the state;  (3) recommend to the superintendent the establishment of such laws  as may be deemed necessary, and the amendment or repeal thereof;  (4)  recommend  to  the  superintendent  the promulgation of rules and regulations not inconsistent with the law, as may be  deemed  necessary, and the amendment or repeal thereof; and  (5)   report  within  thirty  days  after  receipt,  on  any  proposed regulations, amendments thereto,  or  repeal  thereof,  prior  to  final action thereon by the superintendent.   The   advisory  board  shall  have  no  executive,  administrative  or appointive powers or duties.   The superintendent shall make an annual report no  later  than  thirty days after the end of each year to the temporary president of the senate and  the  speaker  of the assembly, which shall include a summary of the topics discussed at state charter advisory board  meetings  during  such year,  and  any legislative recommendations related to the topics raised at such meetings or made by any member of  the  state  charter  advisory board.   * NB Repealed October 3, 2026