New York · Through 2026-09-11

N.Y. Banking Law § 7014: Removal of officers

Where this section sits in the code

Banking Law
Article 15. General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Title 7. Directors and Officers

§ 7014. Removal of officers. 1. Any officer elected or appointed by

the board may be removed by the board, or his authority suspended by it,

with or without cause. Such removal or suspension without cause,

however, shall be without prejudice to his contract rights. The election

or appointment of an officer shall not be deemed of itself to create

contract rights.

2. This section does not affect the powers of the superintendent under

section forty-one of this chapter.

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