N.Y. Banking Law § 221-b: Definitions

§ 221-b. Definitions. 1. Banking institution. The term "banking

institution", when used in this article, shall mean any entity

authorized by its charter to accept deposits and to make loans.

2. Foreign banking corporation. The term "foreign banking

corporation", when used in this article, shall mean any banking

institution organized under the laws of any jurisdiction other than the

United States, any state of the United States or Puerto Rico.

3. Representative. The term "representative" shall mean any person or

entity engaging in any activity in this state for or on behalf of a

foreign banking corporation, provided that such activity is not

otherwise permitted by law.

4. The superintendent shall be authorized to exempt from the above

definitions such additional persons, entities, activities or classes

thereof which shall be deemed appropriate in order to effectuate the

purposes of this article.