reglab/housing_qa huggingface dataset:
NY Banking L § 241 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 241 - Change of Location; Change of Designation of Principal Office.

§ 241.  Change of location; change of designation of principal office.   Any savings bank may make a written application to  the  superintendent,   such application to be accompanied by an investigation fee as prescribed   pursuant  to section eighteen-a of this chapter, for leave to change its   place or one of its places of business to another place in the state  or   for  leave to change the designation of its principal office to a branch   office and to change the designation of one of its branch offices to its   principal office. This application shall  state  the  reasons  for  such   proposed  change.  Such  change may be made upon the written approval of   the superintendent.  If  the  superintendent  shall  grant  his  or  her   certificate  authorizing  the change of location, as provided in article   two of this chapter, the  savings  bank  may,  upon  or  after  the  day   specified  in  the  certificate,  remove its property and effects to the   location designated therein.
NY Banking L § 243 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 243 - Surplus Fund.

§ 243.  Surplus  fund. 1. Every savings bank shall create a fund to be   known as a surplus fund. Such  fund  may  be  created  or  increased  by   contributions  made  by the incorporators as provided in this article or   by transfers from undivided profits or by  transfers  from  earnings  as   required  in  this article. Such fund up to ten per centum of the amount   due depositors shall not be available for any purpose  other  than  that   specified  in  subdivision  two  of  this section, except with the prior   written approval of the superintendent, provided that such fund shall be   available without such approval for the purpose of  paying  expenses  or   absorbing  losses  only  in the event such savings bank has no undivided   profits against which such expenses or losses may be charged.2. Contributions of incorporators or trustees to the surplus fund  may   be  repaid  pro rata in such amounts as will not reduce the surplus fund   below five per centum of the amount due depositors, provided the written   approval of the superintendent shall be required before  any  repayments   may  be  made that will reduce the surplus fund below the amount created   at the time of incorporation of the  savings  bank.    In  case  of  the   liquidation  of the savings bank before the contributions to the surplus   fund have been repaid, any portion of such contributions not needed  for   the payment of the expenses of liquidation and the payment of depositors   and creditors in full may be repaid to the contributors pro rata.3.  Contributions  heretofore made by incorporators or trustees of any   savings bank to pay its expenses or to maintain its solvency,  under  an   agreement  with  the  superintendent  that  such  contributions  may  be   returned whenever such return will  not  affect  the  solvency  of  such   savings  bank  or render it unsafe to continue business, may be returned   in accordance with the provisions of such agreement.4. The aggregate of the  guaranty  fund  and  expense  fund  of  every   savings  bank  at  the  time  this act takes effect shall constitute the   surplus fund at that date and shall thereafter be  subject  to  all  the   provisions of this article relating to surplus fund.
NY Banking L § 245 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 245 - Interest Payments.

§ 245.   Interest  payments.  1.  A  savings  bank  may  classify  its   depositors according to the  character,  amount  or  duration  of  their   dealings with the savings bank.2.  In  the  discretion of a majority of all the trustees, the amounts   contributed by incorporators or trustees to  the  surplus  fund  may  be   credited  with  interest  at  the same rate that interest is credited to   depositors.  Such  interest  may  be  paid  in  cash  or  added  to  the   contributions  previously  made  and if so added shall be subject to all   provisions of this article relating to contributions of incorporators or   trustees to the surplus fund. If interest on such contributions  is  not   paid  for  any  period  at  the time interest for such period is paid to   depositors, the contributors shall not thereafter receive or be credited   with any interest for such period.3. A savings bank shall not pay any interest  on  any  deposit  for  a   longer  period  than the same has been on deposit, except as provided in   subdivision three-a of this section.3-a. Deposits made not later  than  the  tenth  calendar  day  of  any   calendar  month  may be credited with interest from the first day of the   month in which such deposits were made, and deposits withdrawn upon  one   of  the last three business days of any interest period or, in the event   that one of such last  three  business  days  is  a  Saturday,  deposits   withdrawn upon one of the last four business days of any interest period   may  be credited with interest as if they had remained on deposit to the   end of  the  interest  period.  If  the  by-laws  so  provide,  deposits   withdrawn  before  the  close of an interest period may be credited with   interest to the first day of the month in which such withdrawal is made.   The provisions of this subdivision shall not apply to deposits on  which   interest is credited pursuant to subdivision three-b of this section.3-b. Subject to such limitations and restrictions as may be prescribed   by  regulation  of  the  superintendent of financial services, a savings   bank may credit interest on deposits from the date on which the  deposit   is made to the date the deposit is withdrawn.
NY Banking L § 246-A (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 246-A - Executive Committee and Other Committees.

§ 246-a.   Executive   committee  and  other  committees.  1.  If  the organization certificate  or  the  by-laws  so  provide,  the  board  of trustees  by  resolution  adopted by a majority of the entire board, may designate from among its members an executive committee consisting of at least five trustees and other committees each consisting of two or  more trustees,  officers  or  other persons, not including alternate members, but not less  than  may  otherwise  be  required  by  this  chapter  nor differing  in composition from any requirement of this chapter, and each of which shall have such authority as may be provided in the  resolution or  in  the  organization  certificate or by-laws or under this chapter, except that no such committee shall have authority as to  the  following matters:  (a)  The  filling of vacancies in the board of trustees or in any such committee;  (b) The fixing of compensation of the  trustees  for  serving  on  the board or on any committee;  (c)  The  amendment  or  repeal of the by-laws, or the adoption of new by-laws;  (d) The amendment or repeal of any resolution of the  board  which  by its terms shall not be so amendable or repealable;  (e)  The taking of action which is expressly required by any provision of this chapter to be taken at a meeting of the board or by a  specified proportion of the trustees.   2.  Each such committee shall serve at the pleasure of the board.  The designation or appointment of, or making  of  provision  for,  any  such committee  and  the  delegation  thereto  of  authority  shall not alone relieve any trustee of his duty to the savings bank under any  provision of this chapter.   3.  Minutes  shall  be kept of each meeting of each such committee and records shall be kept of all action taken in exercise of  the  authority or  in performance of the function of each such committee.  Such minutes and records shall be submitted to the board of  trustees  and  shall  be filed with the records of the savings bank.
NY Banking L § 249 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 249 - Compensation of Trustees and Officers.

§ 249.  Compensation  of  trustees  and  officers.  1.  A trustee of a   savings bank shall  not  directly  or  indirectly  receive  any  pay  or   emolument  for  any  services  rendered  to  the savings bank, except as   provided in this section.2. A trustee may, by  affirmative  vote  of  a  majority  of  all  the   trustees, receive reasonable compensation for (a) attendance at meetings   of the board of trustees; (b) service as an officer of the savings bank,   provided  his  duties  as  officer  require  and receive his regular and   faithful attendance at the savings bank; (c) service in appraising  real   property  for  the  savings  bank;  and  (d)  service  as  a member of a   committee of the board of trustees.3. An attorney for a savings bank, although he be a  trustee  thereof,   may  receive  a  reasonable  compensation for his professional services,   including examinations and certificates of title  to  real  property  on   which  mortgage  loans  are  made by the savings bank; or if the savings   bank  requires  the  borrowers  to  pay  all   expenses   of   searches,   examinations   and   certificates   of  title,  including  the  drawing,   perfecting and recording of papers, such attorney  may  collect  of  the   borrower  and  retain  for his own use the usual fees for such services,   excepting any  commissions  as  broker  or  on  account  of  placing  or   accepting such mortgage loans.
NY Banking L § 250 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 250 - Pensions; Insurance.

§ 250.  Pensions;  insurance.  Subject  to  such  regulations  as  the   superintendent of financial services may prescribe, a savings bank  may,   in the discretion of a majority of all the trustees:1.   Provide   pensions  to  officers  and  employees  pursuant  to  a   nondiscriminatory plan for service rendered to the savings bank  or  for   having  become  incapacitated  while  in  service  to  the savings bank,   including annual supplements to retirees based upon the "current cost of   living index figure" for any calendar year based upon the Consumer Price   Index as issued by the bureau of labor statistics of the  United  States   department of labor.2.  Provide  life  insurance  for its officers and employees, provided   that life insurance is not purchased solely for or on behalf of officers   and highly compensated employees.
NY Banking L § 252 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 252 - Reports to Trustees.

§ 252.  Reports  to  trustees.  The board of trustees of every savings   bank shall designate, by resolution duly recorded  in  the  minutes,  an   officer or officers whose duty it shall be to prepare and submit to each   trustee  present at a regular meeting of the board, or to each member of   an executive committee of not less than  five  members  of  such  board,   present  at  a  regular  meeting  of such committee, a written report as   described  in  this  section.  Except  as  otherwise  provided  by   the   superintendent  by  regulation,  which  regulation  may define the terms   contained herein and  establish  such  requirements  according  to  size   and/or  business activities of a savings bank, such report shall include   all the purchases and sales of securities, made  by  such  savings  bank   since  the  date  of  the  last  preceding  report made pursuant to this   section. Unless otherwise provided by the  superintendent,  such  report   shall  also  contain a statement showing every loan, made or invested in   by such savings bank, which is outstanding, at the time of such  report,   in  an  amount  equal  to  or  greater  than  a  reportable  amount,  as   hereinafter in this section defined, describing the collateral  to  such   indebtedness  as  of  the  date  of  such report. A copy of such current   report, verified by the affidavit of the  officer  or  officers  charged   with  the  duty of preparing and submitting such report, together with a   list of the trustees present at such meeting, shall be  filed  with  the   records of the savings bank within one day after such meeting, and shall   be   presumptive   evidence   of   the   matters   therein  stated.  The   superintendent,  by  regulation,  may  require   the   preparation   and   submission  of such a report to trustees at other than regular board and   committee meetings. For the purposes  of  this  section,  (a)  the  term   "loan"  shall  mean  the  aggregate  of  all loans to the same borrower,   except that, with respect to loans secured by real estate, it shall mean   the aggregate of all loans upon the security of the  same  real  estate;   (b)  the  term  "borrower"  shall,  with  respect  to any loan, mean the   individual,  partnership,  unincorporated  association  or   corporation   primarily  liable  upon  the  loan; and (c) the term "reportable amount"   shall, at each time of the determination thereof, mean two hundred fifty   thousand dollars or one per centum of the  net  worth  of  such  savings   bank,  whichever  is  less;  provided, however, that such term shall not   include (1) an amount less than one thousand dollars, or (2) the  amount   of any loan which loan is fully secured by the assignment of one or more   deposits  in  such  savings bank, or (3) the then amount of a loan which   loan was outstanding in an equal or greater amount at the  date  of  the   last preceding report made pursuant to this section.
NY Banking L § 253 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 253 - Official Communications From Department of Financial Services to Be Submitted to Trustees and Noted in Minutes.

§ 253.  Official  communications from department of financial services   to be submitted  to  trustees  and  noted  in  minutes.  Every  official   communication,  as  defined  in  article  two  of this chapter, shall be   submitted by the officer receiving it to the board of  trustees  at  the   next meeting of such board, and duly noted in the minutes.
NY Banking L § 254 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 254 - Examinations by Trustees.

§ 254.  Examinations  by trustees.  1.  Once in each calendar year the   trustees of each savings bank by a committee of not less than  three  of   their  number, none of whom shall be an officer or salaried employee of,   or an attorney who receives any fee, compensation or any other  form  of   emolument for legal services rendered to, such savings bank, shall fully   examine the records and affairs of such savings bank, for the purpose of   determining its true financial condition. Such examination shall be made   as  of  a  date  not less than six months after the date of the previous   such examination. In the conduct of each such examination inquiry  shall   be  made  into the policies of management for the purpose of determining   whether such policies are sound and consistent with the requirements  of   law,  and  into  such  other matters as shall be necessary to enable the   trustees  to  determine  whether  adequate  protection  is  afforded  to   depositors.  The  trustees  may  employ  such  assistants  as  they deem   necessary in making the examination prescribed by  this  section,  other   than an attorney who receives any fee, compensation or any other form of   emolument for legal services rendered to such savings bank.2.  A savings bank's compliance with section one hundred twelve of the   Federal Deposit Insurance Corporation Act of 1991, as implemented by the   provisions   of   part  three  hundred  sixty-three  of  the  rules  and   regulations of the Federal Deposit Insurance Corporation, as they may be   amended from time to time, shall be deemed to  satisfy  the  examination   requirement of this section.3.  A  report  of  each  such  examination,  in  such  form  as may be   prescribed by the superintendent, sworn to by the  trustees  making  the   same shall, within thirty days after the completion of such examination,   be  presented to the board of trustees of such savings bank at a regular   meeting and thereafter filed with the  records  of  such  savings  bank.   Within  ten  days  after the presentation of such report to the board of   trustees a duplicate thereof  shall  be  filed  in  the  office  of  the   superintendent,  together  with  a  certificate  that  such  report  was   presented to the board of  trustees,  in  the  form  prescribed  by  the   superintendent.
NY Banking L § 255 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 255 - Reports to Superintendent; Penalty for Failure to Make.

§ 255.  Reports  to superintendent; penalty for failure to make. 1. On   or before the first day of February in  each  year  every  savings  bank   shall make a written report to the superintendent, which shall contain a   statement  of  its  conditions  as  of  the  morning of the first day of   January of such year. Such report shall contain such information and  be   in such form as the superintendent may prescribe and shall be subscribed   by  the  president or a vice-president and another principal officer and   affirmed by such officers as true under the penalties of perjury.2. Every savings bank shall also make such other  special  reports  to   the superintendent as he may from time to time require, in such form and   at  such  date  as  may  be prescribed by him and such reports shall, if   required by him, be subscribed and affirmed as true under the  penalties   of perjury.3.  If  a  savings  bank  shall fail to make any report required by or   pursuant to this section, on or before the day designated for the making   thereof, or shall fail to include therein any  information  required  by   the  superintendent  to  be included, such savings bank shall forfeit to   the people of the state an amount  as  determined  pursuant  to  section   forty-four-a  of  this  chapter  for every day that such report shall be   delayed or withheld, and for every day that it shall fail to report  any   such  omitted  information,  unless  the  time  therefor shall have been   extended by the superintendent as provided in this chapter.4. No savings bank shall be required  to  make  any  annual  or  other   report  or  be  subject  to  any  inspection  or  supervision, except as   provided in this chapter.
NY Banking L § 255-A (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 255-A - Publication and Delivery of Annual Report.

§ 255-a. Publication and delivery of annual report. Every savings bank   shall  (1)  prepare  a  complete  statement  of its financial condition,   including a summary of  income  and  expense  since  its  last  previous   statement, and publish the same annually, such publication to be made in   the  form  and manner determined by the superintendent and in accordance   with the requirements of this section, (2) mail a copy of such financial   statement to each depositor on application therefor, and (3) make copies   of such financial statement available to depositors and other persons in   a convenient and conspicuous location on the premises  of  each  of  its   authorized places of business.
NY Banking L § 256 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 256 - Photographic Reproduction of Records.

§ 256.   Photographic   reproduction   of   records.  Any  photograph,   microphotograph or reproduction on film of  any  of  the  documents  and   records of a savings bank relating to the accounts of its depositors and   the  operation of its business, which such savings bank has caused to be   made in the  conduct  of  its  business,  shall  be  deemed  to  be  the   equivalent  of  the original thereof for all purposes, provided that the   original of any such documents and records has been destroyed, that such   photograph, microphotograph or reproduction on film shall be of  durable   material,  and  that  the  device  used  to reproduce such documents and   records shall be one which accurately reproduces the original thereof in   all details.
NY Banking L § 257 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 257 - Duties of Trustees and Officers.

§ 257. Duties of trustees and officers. 1. Trustees and officers shall discharge  the  duties  of  their respective positions in good faith and with that degree of diligence, care and skill which  prudent  men  would exercise  under  similar circumstances in like positions. In discharging their duties, trustees and officers, when acting in good faith, may rely (a) upon financial statements of the savings bank represented to them to be correct by the president or the officer of the  savings  bank  having charge  of  the  books  of  account, or stated in a written report by an independent public or  certified  public  accountant  or  firm  of  such accountants  fairly  to  reflect the financial condition of such savings bank and (b) upon reports required  to  be  submitted  to  them  by  any provision of this chapter or prepared in the ordinary course of business by  an  officer  or  committee charged with the responsibility therefor. Nothing in this section shall be  deemed  to  require  the  trustees  to perform  functions  vested  in  any  committee,  officer or other person pursuant to the provisions of any other section of this chapter.   2. An action may be brought against one or more trustees  or  officers of a savings bank to procure a judgment for the following relief:  (a) To compel the defendant to account for his official conduct in the following cases:  (1)  The  neglect of, or failure to perform, or other violation of his duties in the management and disposition of the  savings  bank's  assets committed to his charge.  (2)  The  acquisition by himself, transfer to others, loss or waste of the savings bank's assets due to any neglect of or failure  to  perform, or other violation of his duties.  (b)  To  set aside a conveyance, assignment or transfer of the savings bank's assets by one  or  more  trustees  or  officers,  contrary  to  a provision of law, where the transferee knew the purpose of the transfer.  (c) To enjoin such a conveyance, assignment or transfer of the savings bank's  assets by one or more of the trustees or officers where there is good reason to apprehend that it will be made.   3. Subject to section six  hundred  thirty-one  of  this  chapter,  an action  may  be  brought  for  the  relief provided in this section by a savings bank or an officer, trustee or judgment creditor thereof.   4. This section shall not affect any liability  otherwise  imposed  by law upon any trustee or officer.
NY Banking L § 260 (2021)
2021 New York Laws BNK - Banking Article 6 - Savings Banks 260 - Charters of All Savings Banks Conformed to This Article.

§ 260.  Charters  of all savings banks conformed to this article.  The   powers, privileges and  duties,  and  all  restrictions,  heretofore  or   hereafter  conferred  or  imposed upon any savings bank by whatever name   known, by its charter or act  of  incorporation,  are  hereby  abridged,   enlarged  or  modified,  as  each  particular  case may require, in such   manner that every such charter or act of incorporation shall be made  to   conform to the provisions of this article and to such amendments thereof   as  may  be hereafter made. Every savings bank shall possess the powers,   rights and privileges, and be subject to the  duties,  restrictions  and   liabilities,  conferred  and  imposed  by  this article, notwithstanding   anything to the  contrary  in  their  respective  charters  or  acts  of   incorporation.