N.Y. Banking Law § 18-b: Holocaust reparations payment fees

§ 18-b. Holocaust reparations payment fees. 1. For the purposes of

this section, "victims or targets of Nazi persecution" means any

individual, corporation, partnership, sole proprietorship,

unincorporated association, community, congregation, group,

organization, or other entity persecuted or targeted for persecution by

the Nazi Regime because of race, religion, ethnicity, sexual

orientation, national origin, or physical or mental disability or

handicap, or the heirs, successors, administrators, executors,

affiliates, or assignees of such victims or targets, or any other

claimant receiving funds from an eligible settlement fund, or from an

eligible grantor trust established for the benefit of such victims or

targets. An eligible settlement fund is an entity that is treated for

federal income tax purposes as a designated or qualified settlement

fund, as such term is defined in section 468B of the Internal Revenue

Code and the regulations thereunder, which is established for the

principal purpose of resolving and satisfying claims arising from or in

connection with any act or omission in any way relating to the

Holocaust, World War II and its prelude and aftermath, victims or

targets of Nazi persecution, transactions with or actions of the Nazi

Regime, or treatment of refugees fleeing Nazi persecution by or in the

Swiss Confederation. An eligible grantor trust is a grantor trust which

is established for the principal purpose of resolving and satisfying

such claims.

2. The superintendent shall maintain and annually update a list of

banks and other financial institutions doing business in the state that

voluntarily waive wire transfer fees and other processing fees imposed

for automated deposits or transfers of amounts received (including

accumulated interest) by victims or targets of Nazi persecution from an

eligible settlement fund, or from an eligible grantor trust established

for the benefit of such victims or targets. The department shall make

the list available to the public on the department's website.