reglab/housing_qa huggingface dataset:
NY Banking L § 136-B (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 136-B - Approval of Superintendent.

§ 136-b.  Approval of superintendent. The superintendent shall approve   or disapprove of a proposed merger as authorized by section one  hundred   thirty-six  of  this  article  or  a  proposed  acquisition  of all or a   substantial part of the assets of  a  national  banking  association  as   authorized  by  section one hundred thirty-six-a of this article, as the   case may be, within one hundred twenty days after the submission of  the   proposed  plan  thereof  to  him  or  her.  In determining whether to so   approve, the  superintendent  shall  take  into  consideration  (i)  the   declaration  of  policy  contained  in section ten of this chapter, (ii)   whether the effect of such merger or  acquisition  shall  be  either  to   expand  the  size  or  extent  of the resulting or acquiring institution   beyond limits  consistent  with  adequate  and  sound  banking  and  the   preservation  thereof  or  result  in  a  concentration of assets beyond   limits consistent with effective competition, (iii) whether such  merger   or  acquisition  may  result in such a lessening of competition as to be   injurious to the interests of the public or  tend  toward  monopoly  and   (iv)  primarily,  the  public  interest  and  the  needs and convenience   thereof. If the superintendent shall approve  such  proposed  merger  or   acquisition,  he  or  she  shall  file  the  plan,  together  with  such   certificates and the original of the approval of the superintendent,  in   the  office  of  the  superintendent,  and,  in  the  case  of merger, a   duplicate of the plan,  together  with  a  duplicate  of  each  of  such   certificates  and a duplicate of the superintendent's approval, shall be   filed in the office of the clerk of the county in  which  the  principal   office  of the receiving corporation is located. Upon such filing in the   office of the superintendent, the merger  or  acquisition  shall  become   effective,  unless a later date is specified in the plan, in which event   the merger or acquisition shall become effective upon such later date.
NY Banking L § 136-C (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 136-C - Effect of Merger or Conversion of National Banking Association Into State Bank.

§ 136-c.   Effect   of   merger  or  conversion  of  national  banking association into state bank. 1. At the time when a merger or  conversion under  sections  one  hundred thirty-six and one hundred thirty-six-b of this chapter becomes effective.  (a) the resulting state bank shall be considered the same business and corporate entity as the national banking  association,  although  as  to rights, powers and duties, the resulting bank is a state bank;  (b) all of the property, rights, powers and franchises of the national banking  association  shall  vest  in  the  resulting state bank and the resulting state bank shall be subject to and be deemed to  have  assumed all  of  the  debts, liabilities, obligations and duties of the national banking association and to have succeeded to all of  its  relationships, fiduciary  or  otherwise,  as  fully  and  to the same extent as if such property, rights, powers, franchises, debts,  liabilities,  obligations, duties  and  relationships  had  been  originally  acquired, incurred or entered into by the resulting state bank; provided,  however,  that  the resulting  state  bank  shall  not,  through  such conversion or merger, acquire power to engage in  any  business  or  to  exercise  any  right, privilege  or franchise which is not conferred by the provisions of this chapter upon such resulting state bank;  (c) any reference to the national banking association in any contract, will or document, whether executed or taking effect before or after  the conversion  or  merger, shall be considered a reference to the resulting state bank  if  not  inconsistent  with  the  other  provisions  of  the contract, will or document;  (d)  a  pending  action  or  other  judicial  proceeding  to which the national banking association is a party, shall not  be  deemed  to  have abated  or  to  have discontinued by reason of the conversion or merger, but may be prosecuted to final judgment, order or  decree  in  the  same manner  as  if  the  conversion  or  merger  had  not  been made; or the resulting state bank may be substituted as a party  to  such  action  or proceeding,  and  any  judgment,  order or decree may be rendered for or against it that might have been rendered for  or  against  the  national banking association if the conversion or merger had not occurred.   2.  As  used  in  this  section, the term "state bank" means a bank or trust company.
NY Banking L § 139 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 139 - Saving Clause.

§ 139.  Saving  clause.  All banks which shall have been authorized by   the  superintendant  to  exercise  fiduciary  powers  pursuant  to  this   chapter,  as  from  time  to  time  in  effect,  shall be known as trust   companies subject to the provisions of this article applicable to  trust   companies,  but nothing contained in this chapter shall require any such   bank to change its name to include the term "trust company".  All  trust   companies  organized under or subject to the provisions of this chapter,   as from time to time in effect, shall be subject to all  the  provisions   of this article applicable to trust companies. Notwithstanding any other   provision or law, a corporation formed under this article to acquire the   banking  business  previously  done  by  a  partnership  doing  business   pursuant to this chapter may have as its corporate name the  name  under   which  such  partnership  did  business,  with the addition of a word or   words, indicating that it is a corporation.
NY Banking L § 140-A (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 140-A - Stock Option Plans.

§ 140-a.   Stock   option  plans.  Subject  to  such  regulations  and   restrictions as may be prescribed by the superintendent, every bank  and   every  trust  company  may  grant  options  to  purchase  authorized and   unissued  shares  of  its  capital  stock  to  officers,  directors  and   employees,  for  a  consideration as authorized by section five thousand   four of this chapter of not less than one hundred per cent of  the  fair   market  value  of the shares on the date the option is granted, pursuant   to the terms of a stock option plan which has previously been adopted by   the board of directors of the bank or trust company and approved by  the   holders  of a majority of the outstanding shares of capital stock of the   bank or trust company and by the superintendent.  Stock  options  issued   hereunder  shall  not  extend  beyond a period of ten years from date of   issuance.
NY Banking L § 142 (2021)
2021 New York Laws BNK - Banking Article 3-A - Bank Holding Companies; Control of Banking Institutions 142 - Limitations On, and Regulation Of, Bank Holding Companies.

§ 142.  Limitations  on, and regulation of, bank holding companies. 1.   It shall be unlawful for any person knowingly  to  borrow,  directly  or   indirectly,  any  money  or  property  for  the purpose of enabling such   person to pay for or to hold shares of stock of a bank  holding  company   from  any subsidiary of such bank holding company, unless such borrowing   is made upon security having an ascertained market  value  of  at  least   fifteen  per  centum  more than the amount thereof. Any person knowingly   violating the provisions of this subdivision shall,  for  each  offense,   forfeit to the people of the state twice the amount of such borrowing.2.  Except  in  conformity  with  such rules and regulations as may be   promulgated  by  the  superintendent,  it  shall  be  unlawful  for  any   executive  officer  or  director of a bank holding company to borrow any   sum of money from any subsidiary of such  bank  holding  company.  Every   executive officer or director of such bank holding company violating the   provisions  of  this subdivision shall, for each offense, forfeit to the   people of the state twice the amount of such borrowing or borrowings.
NY Banking L § 142-A (2021)
2021 New York Laws BNK - Banking Article 3-A - Bank Holding Companies; Control of Banking Institutions 142-A - Limitation on Acquisition of Newly Chartered Banking Institutions.

§ 142-a.   Limitation   on  acquisition  of  newly  chartered  banking   institutions. 1. No bank holding company  may  acquire  control  of  any   banking  institution  which  has been chartered for less than five years   and has its principal office in a city or village with a  population  of   fifty  thousand or less if the principal office of a bank, trust company   or national bank the principal office of which institution is located in   this state and which institution is not a subsidiary of a  bank  holding   company  is  located in such city or village; provided, however, such an   acquisition may be consummated upon the  obtaining  of  the  appropriate   supervisory approvals if: (a) application is pending for the institution   being  acquired  to  merge with or acquire the assets of another banking   institution having its principal office in the same city or village  and   chartered  for over five years, or if; (b) the superintendent finds that   the banking institution being acquired was  not  chartered  directly  or   indirectly   by  the  acquiring  bank  holding  company,  its  officers,   directors or stockholders, and does not have the capacity to continue to   conduct its business independently in  a  fashion  consistent  with  the   public interest and the interests of depositors, creditors, shareholders   and stockholders.2.  As  used in this section, the term "control" means the possession,   directly or indirectly, of the power to direct or cause the direction of   the management and policies of a banking  institution,  whether  through   the ownership of voting stock of such banking institution, the ownership   of  voting stock of any company which possesses such power or otherwise.   Control  shall  be  presumed  to  exist  if  any  company,  directly  or   indirectly,  owns,  controls  or  holds  with  the power to vote ten per   centum or more of the voting stock of any banking institution or of  any   company  which owns, controls or holds with power to vote ten percent or   more of the voting stock of such  banking  institution,  but  no  person   shall be deemed to control a banking institution solely by reason of his   being  an officer or director of such banking institution or company. As   used in this section, the terms  "bank  holding  company"  and  "banking   institution"  shall  have the meanings as defined in section one hundred   forty-one of this article, except that the definition of  "bank  holding   company"  is  modified  to  change  the  phrase  "a banking institution"   wherever it appears therein to "two or more  banking  institutions"  and   the  definition  of  "banking institution" is modified to add a national   banking association, the principal office of which is  located  in  this   state.3.  As  used  in this section, the term "village" shall mean either an   incorporated or unincorporated village.
NY Banking L § 145 (2021)
2021 New York Laws BNK - Banking Article 3-A - Bank Holding Companies; Control of Banking Institutions 145 - Penalties; Restraining Orders and Injunctions.

§ 145.  Penalties;  restraining orders and injunctions. 1. Any company   which wilfully violates any provision of this article  is  guilty  of  a   misdemeanor and upon conviction thereof shall be fined not more than one   thousand dollars for each day during which such violation continues.2.  Any  individual  who  wilfully  participates in a violation of any   provision of this article is guilty of a misdemeanor and upon conviction   thereof shall be fined not more than ten thousand dollars  or  shall  be   imprisoned not more than one year, or both.3.  If  any  action violates or would violate any of the provisions of   this article, the superintendent or his duly authorized agent may  apply   to  the supreme court of this state for the enforcement of this article;   and such court shall have jurisdiction to enforce obedience thereto,  to   order  divestment  of  stock  illegally  acquired,  held  or  voted,  by   injunction or by other process, mandatory or otherwise, and to  restrain   violation of this article.
NY Banking L § 146 (2021)
2021 New York Laws BNK - Banking Article 3-A - Bank Holding Companies; Control of Banking Institutions 146 - Saving Provision.

§ 146. Saving provision. Nothing herein contained shall be interpreted   or  construed  as  approving  any act, action or conduct which is or has   been or may be in violation of existing law, nor shall  anything  herein   contained  constitute  a  defense  to  any  action, suit, or proceeding,   pending or hereafter instituted  on  account  of  any  act,  action,  or   conduct prohibited by law.
NY Banking L § 147 (2021)
2021 New York Laws BNK - Banking Article 3-A - Bank Holding Companies; Control of Banking Institutions 147 - Separability of Provisions.

§ 147.  Separability  of provisions. If any provision of this article,   or the application of such  provision  to  any  individual,  company  or   circumstance,  shall  be held invalid, the remainder of the article, and   the  application  of  such  provision  to  individuals,   companies   or   circumstances other than those to which it is held invalid, shall not be   affected thereby.
NY Banking L § 150 (2021)
2021 New York Laws BNK - Banking Article 3-B - Subsidiary Trust Companies 150 - Definitions.

§ 150.  Definitions.  1. "Subsidiary trust company", when used in this   article, means a trust company which is subject  to  the  provisions  of   this article.2. "Bank holding company" and "subsidiary", when used in this article,   shall  each  have  the  same  meaning  specified  in section one hundred   forty-one of this chapter.3. "Owning bank holding company",  when  used  in  this  article  with   respect  to  a  subsidiary trust company, means the bank holding company   which owns all of the outstanding voting stock of such subsidiary  trust   company.4.  When  used  in  this  article, an "affiliated bank" or "affiliated   trust company" of a subsidiary  trust  company  means  any  bank,  trust   company,  savings  bank,  savings  and  loan association, national bank,   federal savings bank, federal savings association, or out-of-state state   bank (as such term is defined in section two hundred twenty-two of  this   chapter),  or  such  other  banking institution as the superintendent of   financial services  may  permit  specifically  or  by  general  rule  or   regulation, which is a subsidiary of the bank holding company which owns   such subsidiary trust company.5.  "Trust  office",  when  used  in  this  article  with respect to a   subsidiary trust company,  means  an  office  of  the  subsidiary  trust   company maintained for the purpose of conducting its business.6.  "Trust officer", when used in this article with respect to a trust   company which is  not  a  subsidiary  trust  company,  means  an  office   maintained solely for the purpose of conducting business relating to the   exercise of its fiduciary powers.
NY Banking L § 151 (2021)
2021 New York Laws BNK - Banking Article 3-B - Subsidiary Trust Companies 151 - Organization of Subsidiary Trust Companies.

§ 151.  Organization of subsidiary trust companies. A subsidiary trust   company shall be organized in accordance with  the  provisions  of  this   chapter  relating  to  the  organization  of trust companies. All of the   outstanding voting stock of a subsidiary trust company shall be owned by   a bank holding company.
NY Banking L § 152 (2021)
2021 New York Laws BNK - Banking Article 3-B - Subsidiary Trust Companies 152 - Business of Subsidiary Trust Companies; Limitation on Powers.

§ 152. Business of subsidiary trust companies; limitation on powers. A   subsidiary trust company shall have all of the powers of and be entitled   to engage in the business of a trust company, provided that a subsidiary   trust company shall not have the power to accept deposits.
NY Banking L § 153 (2021)
2021 New York Laws BNK - Banking Article 3-B - Subsidiary Trust Companies 153 - Offices.

§ 153. Offices. Notwithstanding the provisions of sections twenty-nine   and one hundred five of this chapter, (a) a subsidiary trust company may   open  and  occupy a trust office, including its principal office, at any   one or more locations in the state of New York at which the owning  bank   holding  company,  any  affiliated bank, or any affiliated trust company   has a banking office, and (b) an affiliated trust company may  open  and   occupy  a  trust  office  at  the  location  in  the state at which such   subsidiary trust company has its principal office.  A  subsidiary  trust   company  or  an  affiliated  trust  company,  as  the case may be, which   proposes to open and occupy a trust  office  pursuant  to  this  section   shall  make written application to the superintendent for leave to do so   in the manner provided in  section  twenty-nine  of  this  chapter  with   respect  to branch offices and shall pay the investigation fee specified   therein.
NY Banking L § 155 (2021)
2021 New York Laws BNK - Banking Article 3-B - Subsidiary Trust Companies 155 - Applicable Laws and Regulations.

§ 155. Applicable laws and regulations. To the extent not inconsistent   with  provisions  of  this  article, a subsidiary trust company shall be   subject to the laws of the state of New  York  generally  applicable  to   trust  companies.  Nothing  in this article shall be deemed to affect in   any way the powers of the superintendent of financial services to adopt,   alter or amend rules and regulations with respect  to  trust  companies,   provided  that  no  such  rule  or  regulation  shall be applicable to a   subsidiary trust company to the  extent  it  is  inconsistent  with,  or   purports  to  limit  the  powers or rights of a subsidiary trust company   expressly granted by, the provisions of this article.
NY Banking L § 160 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 160 - Verified Certificate.

§ 160. Verified certificate. Any individual or partnership desiring to   engage   in   business   as   a  private  banker  shall  submit  to  the   superintendent a verified certificate in duplicate which shall state:1. The full name, residence and post office address of such individual   or of each member of such partnership.2. The state or  country  of  which  each  individual  named  in  such   certificate is a citizen.3. The amount of permanent capital such individual or partnership will   invest  in his business as a private banker which shall be not less than   one million dollars.4. The place where his office is to be located.
NY Banking L § 161 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 161 - Authorization Certificate.

§ 161. Authorization certificate. If the superintendent shall issue an   authorization  certificate  as  provided in article two of this chapter,   such individual or partnership may engage in  the  business  of  banking   including  receiving deposits subject to check or for repayment upon the   presentation of a pass book, certificate of deposit or other evidence of   debt, or upon the request of the depositor, or in the discretion of such   individual,  or   partnership;   receiving   money   for   transmission;   discounting  or  negotiating promissory notes, drafts, bills of exchange   or other evidences of debt; and buying  or  selling  exchange,  coin  or   bullion  at  the  location  specified in such authorization certificate,   subject to all  the  restrictions  and  limitations  contained  in  this   chapter.  In  conducting  such business a private banker may make use of   the words "bank," "banker" or  "banking"  or  their  equivalent  or  any   derivative or compound thereof.
NY Banking L § 162 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 162 - Permanent Capital; Increase or Decrease.

§ 162.  Permanent  capital; increase or decrease. Every private banker   shall keep unimpaired in his banking business the  amount  of  permanent   capital  specified in his verified certificate.  From time to time, with   the written approval of the superintendent and upon  good  cause  shown,   such permanent capital may be increased or decreased.
NY Banking L § 163 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 163 - Restrictions as to Place of Business.

§ 163.  Restrictions  as to place of business. The office of a private   banker shall not be located  in  the  same  room  with,  or  in  a  room   connecting  with,  any  bank,  trust  company, savings bank, or national   bank.
NY Banking L § 164 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 164 - Change of Location.

§ 164.  Change  of  location.  Any  private  banker may make a written   application to the superintendent to change the location of  his  office   to  another  place  in  the  same city or village. The application shall   state the reason for such proposed change and shall be verified by  such   private  banker,  or  if  such  private  banker  is  a partnership, by a   majority of  the  members  thereof,  and  shall  be  accompanied  by  an   investigation  fee  as prescribed pursuant to section eighteen-a of this   chapter. Such change may be  made  upon  the  written  approval  of  the   superintendent.
NY Banking L § 165 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 165 - Segregation of Investments; Title to Be Taken in Descriptive Name.

§ 165.  Segregation  of  investments; title to be taken in descriptive   name. 1. Every private banker shall  segregate  and  keep  separate  and   apart   from  all  other  property  and  assets  of  the  individual  or   partnership all securities and property,  and  the  evidences  of  title   thereto,  in which funds held by him as a private banker and the surplus   used by him in his private banking  business  have  been  invested.  The   phrase  "funds held by him as a private banker" shall for the purpose of   this chapter mean such private banker's  permanent  capital  and  moneys   received by him on deposit.2.  All  conveyances,  deeds,  mortgages,  assignments,  contracts and   agreements received, taken, or entered into by any  private  banker,  in   connection  with  his  banking  business,  shall  be received, taken, or   entered into in the firm name if such private banker is a partnership or   in the name of such private banker with the addition of the  descriptive   name "private banker" if such private banker is not a partnership.
NY Banking L § 166 (2021)
2021 New York Laws BNK - Banking Article 4 - Private Bankers. 166 - Depositors Preferred in Case of Failure or Suspension.

§ 166. Depositors preferred in case of failure or suspension.  In case   of  the  failure  or  suspension  of  any  private banker, the claims of   persons for money on deposit or  delivered  for  transmission  shall  be   preferred  against  such  assets  as shall be shown by the books of such   private banker, or by other legal evidence, to have  been  derived  from   the  investment  of  such  moneys,  or  from the investment of permanent   capital, such claimants shall also share pro rata with  other  creditors   in any other assets of such individual or of such partnership and of the   individual members thereof.