N.Y. Banking Law § 221-i: Notice of acquisition of control or merger

§ 221-i. Notice of acquisition of control or merger. 1. A foreign

banking corporation licensed pursuant to this article to maintain a

representative office in this state shall file with the superintendent a

notice, in such form and containing such information as the

superintendent may prescribe, no later than fourteen calendar days after

such foreign banking corporation becomes aware of any acquisition of

control of such corporation or merges with another foreign banking

corporation.

2. Control, for purposes of this section, means any person or entity,

or group of persons or entities acting in concert, directly or

indirectly, owning, controlling, or holding with power to vote,

twenty-five percent or more of any class of voting stock of such foreign

banking corporation, or having the ability in any manner to elect a

majority of the directors of such foreign banking corporation, or

otherwise exercising a controlling influence over the management and

policies of such foreign banking corporation as defined by the

superintendent by regulation.