NY Banking L § 41 (2021)
2021 New York Laws BNK - Banking Article 2 - Department of Financial Services; Superintendent of Financial Services; Supervisory and Regulatory Powers 41 - Removal of Director, Trustee or Officer.

§ 41.  Removal  of  director,  trustee  or  officer.  1.  Whenever the   superintendent shall find that any director, trustee or officer  of  any   corporate  banking  organization  or  bank holding company (as such term   "bank holding company" is defined in article three-A of this chapter) or   any person or persons in charge of, or any officer of,  a  branch  of  a   foreign  banking  corporation  has  violated  any  law  or  duly enacted   regulation of the superintendent of financial services relating to  such   corporation,  or  has  continued  unauthorized  or  unsafe  practices in   conducting the business of such corporation after having been ordered or   warned  by  the  superintendent  to  discontinue  such  practices,   the   superintendent  may,  in his discretion, certify the facts to the board.   The board shall cause notice to be served upon such  director,  trustee,   officer  or  person  in  charge of, or officer of, a branch of a foreign   banking corporation either personally or, upon a finding that he  cannot   be  served  personally  within  the  state,  by  registered mail, at his   address last known to the superintendent, to appear before such board to   show cause why he should not be removed from  office.  A  copy  of  such   notice  shall  be sent by registered mail to each director or trustee of   the banking organization and to  each  person  in  charge  of  and  each   officer  of  a  branch  of the foreign banking corporation affected. If,   after granting the accused  director,  trustee,  officer  or  person  in   charge  of,  or  officer of, a branch of a foreign banking corporation a   reasonable opportunity to be heard, the board by a three-fifths vote  of   all  its  members  finds  that  he  has violated any law or duly enacted   regulation of the board relating to such corporation, or  has  continued   unauthorized  or  unsafe  practices  in  conducting the business of such   corporation after having been ordered or warned by the superintendent to   discontinue  such  practices,  the  board,  in  its  discretion,  by   a   three-fifths  vote  of  all  its  members, may order that such director,   trustee, officer or person in charge of, or officer of, a  branch  of  a   foreign banking corporation be removed from office.2. Upon service either personally or by registered mail at his address   last known to the superintendent upon such director, trustee, officer or   person  in  charge  of,  or  officer  of,  a branch of a foreign banking   corporation and upon the corporation of which he is a director, trustee,   officer or, in case he is a person in charge of, or officer of, a branch   of a foreign banking corporation upon such foreign banking  corporation,   of  a  copy  of  such order, he shall cease to be a director, trustee or   officer of such banking organization or person in charge of, or  officer   of,  a  branch  of  a  foreign  banking  corporation. Such order and the   findings of fact upon which it is based shall  not  be  made  public  or   disclosed to anyone except the director, trustee or officer or person in   charge  of,  or  officer  of,  a branch of a foreign banking corporation   involved and the directors or  trustees  of  the  corporation  involved,   except  in  connection with proceedings for a violation of this section.   Any director, trustee or officer or any person or persons in charge  of,   or  any officer of, a branch of a foreign banking corporation so removed   from office who thereafter without permission of the board  participates   in  any  manner  in  the management of such banking organization or of a   branch of  such  foreign  banking  corporation  shall  be  guilty  of  a   misdemeanor.