NY Banking L § 24 (2021)
2021 New York Laws BNK - Banking Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers 24 - Investigation by Superintendent; Refusal or Approval; Filing Certificate.

§  24.  Investigation  by  superintendent; refusal or approval; filing   certificate. 1. Within ninety days after the date when any  organization   certificate  or  private  banker's certificate shall have been filed for   examination, the superintendent, if the superintendent shall find  after   investigation and examination of what the superintendent deems to be the   best sources of information available that the character, responsibility   and  general  fitness of the person or persons named in such certificate   are such as to command confidence and warrant belief that  the  business   of  the  proposed  corporation  or  private  banker will be honestly and   efficiently conducted in accordance with the intent and purpose of  this   chapter,  and that the public convenience and advantage will be promoted   by allowing such proposed corporation or private  banker  to  engage  in   business,  shall  approve  such certificate. An extension of such ninety   day period may be requested, by a written request executed by a majority   of the persons from whom the superintendent received  such  organization   certificate   or  private  banker's  certificate,  for  such  additional   reasonable period of time as may be required for  applicants  to  comply   with  conditions  precedent  stipulated by the superintendent as being a   prerequisite  to  his  or  her  approval.  The  superintendent,  in  the   superintendent's  sole discretion, shall determine whether to grant such   an extension.2. The superintendent shall also endorse upon each of  the  duplicates   the  date  of  such  approval.  The superintendent shall forthwith cause   notice of such approval to be given to  the  proposed  incorporators  or   private  banker  and one of the duplicate certificates shall be filed in   the office of the department and the other in the office of the clerk of   the county in which the principal office of such proposed corporation or   private banker is to be located. In a case in  which  a  private  banker   certificate  is  submitted  to  the  superintendent  for  the purpose of   continuing the business in connection with a change in its  partnership,   the  superintendent  shall  approve  the private banker certificate upon   making a determination that the private banker should  be  permitted  to   continue  its  business  based  upon  the  considerations  set  forth in   subdivision one of this section.3. If the superintendent is not satisfied, upon the considerations set   forth in subdivision one of this section, that such proposed corporation   or private banker  should  be  permitted  to  engage  in  business,  the   superintendent  shall  refuse such certificate and shall endorse thereon   the date of such refusal  and  return  one  of  the  duplicates  to  the   proposed  incorporators or private banker from whom such certificate was   received.4. The provisions of this section shall not apply to any  organization   certificate  required to be filed in the office of the superintendent by   section one hundred thirty-six,  by  section  two  hundred  sixty-b,  by   section  four  hundred ten, by section four hundred eleven or by section   four hundred eighty-six of this chapter.