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New York · Through 2026-09-11

N.Y. Banking Law § 1001: Definitions

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Where this section sits in the code
  1. Banking Law
  2. Article 15. General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
  3. Title 1. Definitions; Application; Certificates; Miscellaneous

§ 1001. Definitions. In this article, unless the context otherwise

requires:

1. "Corporation" means and includes all banks, trust companies, safe

deposit companies, investment companies, mutual trust investment

companies, and, to the extent not provided otherwise under any

regulation of the superintendent of financial services promulgated

pursuant to the provisions of section fourteen-e of this chapter,

stock-form savings banks and stock-form savings and loan associations.

2. "Director" means any member of the governing board of a

corporation, whether designated as director, trustee, manager, governor,

or by any other title. The term "board" means "board of directors".

3. "Foreign corporation" means a corporation which is licensed by the

superintendent under the provisions of article two of this chapter to do

business in this state or is applying for such license and a corporation

authorized to conduct business in this state pursuant to article five-C

of this chapter or is applying for such authorization.

4. "Office" means in the case of a bank or trust company its principal

office, in the case of a safe deposit company, investment company or

mutual trust investment company, its principal place of business and in

the case of a foreign corporation the place of business designated in

its license or its authorization pursuant to article five-C of this

chapter, as the case may be, for the oldest agency or branch in this

state of such foreign corporation.

5. "Organization certificate" includes (a) the original organization

certificate or any other instrument filed or issued under any statute to

form a corporation or foreign corporation, as amended, supplemented or

restated by certificates of amendment, merger or consolidation or other

certificates or instruments filed or issued under any statute; or (b) a

special act or charter creating a corporation or foreign corporation, as

amended, supplemented or restated by special acts or by certificates of

amendment, merger or consolidation or other certificates or instruments

filed or issued under any statute.

6. "Treasury shares" means shares which have been issued, have been

subsequently acquired, and are retained uncancelled by the corporation.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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