N.Y. Banking Law § 26: Licenses to foreign banking corporations; renewal

§ 26. Licenses to foreign banking corporations; renewal. Upon receipt

of an application in proper form of any foreign banking corporation for

leave to do business in this state under the provisions of article five

of this chapter, the superintendent, if he or she shall find after

investigation and examination of what he or she deems to be the best

sources of information that the character, responsibility and general

fitness of the person or persons named in such application are such as

to command confidence and warrant belief that the business of such

foreign banking corporation will be honestly and efficiently conducted

in accordance with the intent and purpose of this chapter and that the

public convenience and advantage will be promoted by granting such

foreign banking corporation leave to do business in this state, shall

execute and issue a license under the official seal of the department

authorizing such applicant to carry on such business at the place

designated in the license. Such license shall be executed in triplicate

and the superintendent shall cause one copy to be transmitted to the

applicant, another to be filed in the office of the department and the

third to be filed in the office of the clerk of the county in which the

place of business designated in such license is located. A license

issued to such foreign banking corporation pursuant to this section

shall remain in full force and effect until surrendered or revoked.