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New York · Through 2026-09-11

N.Y. Banking Law § 229: Application

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Where this section sits in the code
  1. Banking Law
  2. Article 6. Savings Banks

§ 229. Application.

1. This article applies to every savings bank and shall not apply to

any other banking organization except to such extent, if any, as may be

specified in any article of this chapter governing such banking

organization; provided, however, that in the case of stock-form savings

banks, this article applies to every such organization except that the

superintendent of financial services, consistent with the declaration of

policy described in section fourteen-e of this chapter, shall be

empowered to deem inapplicable to stock-form savings banks, sections two

hundred thirty, two hundred thirty-one, two hundred thirty-two, two

hundred thirty-three, subdivisions one and two of section two hundred

thirty-four, two hundred forty-three, two hundred forty-four, two

hundred forty-five, two hundred forty-six, two hundred forty-six-a, two

hundred forty-seven, two hundred forty-eight, two hundred forty-nine,

two hundred fifty, two hundred fifty-one and two hundred fifty-two of

this chapter.

2. The general corporation law, the stock corporation law and the

business corporation law shall not apply to any savings bank. If there

should be in any other corporate law a provision which conflicts with

any provision of this chapter, the provision of this chapter shall

prevail and the conflicting provision of such other corporate law shall

not apply in such case.

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

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