{"data":{"id":"us-ny/n.y.-banking-law-162","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 162","heading":"Permanent capital; increase or decrease","body":"§ 162. Permanent capital; increase or decrease. Every private banker\nshall keep unimpaired in his banking business the amount of permanent\ncapital specified in his verified certificate.  From time to time, with\nthe written approval of the superintendent and upon good cause shown,\nsuch permanent capital may be increased or decreased.","path":["Banking Law","Article 4. Private Bankers"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/162","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"d5afeb87bf0ec76503b0b56213c81eb893536ce68f21afeea2bb6054cc343d46","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-161","next":"us-ny/n.y.-banking-law-163"},"notice":"GroundRules: Original legal text. Not legal advice."}