{"data":{"id":"us-ny/n.y.-banking-law-225-b","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 225-b","heading":"Applicability of certain sections to out-of-state banks","body":"§ 225-b. Applicability of certain sections to out-of-state banks. 1.\nExcept as otherwise provided in this section, nothing in article five or\narticle five-B of this chapter shall apply to an out-of-state bank or\nout-of-state trust company authorized to open, occupy and maintain a\nbranch pursuant to the provisions of this article or a trust office\npursuant to this article or to subdivision four of section one hundred\nthirty-one of this chapter. Any reference in this chapter (other than in\narticle five or article five-B) to a foreign bank, foreign corporation\nor foreign banking corporation shall be deemed to be a reference to an\nout-of-state bank or out-of-state trust company authorized to open,\noccupy and maintain a branch pursuant to the provisions of this article\nor a trust office pursuant to this article or to subdivision four of\nsection one hundred thirty-one of this chapter. Notwithstanding the\nforegoing, the provisions of section two hundred two-h (Repayment of\ndeposits standing in the names of minors, trustees, joint depositors or\ncustodians; interpleader in certain actions), of this chapter shall\napply with equal force and effect to out-of-state banks or out-of-state\ntrust companies authorized to open, occupy or maintain branches pursuant\nto the provisions of this article.\n  2. The provisions of section three hundred ninety-nine-a, subdivision\nthree of section one hundred thirty, subdivision two of section one\nhundred forty-three, subdivision five of section two hundred forty-seven\nand subdivision five of section three hundred ninety-nine of this\nchapter with respect to restrictions on executive officers or directors\nof foreign banking corporations and the provisions of sections twenty,\ntwenty-six, thirty, thirty-one and six hundred thirty-four, subdivisions\neleven and twelve of section six hundred five, subdivision four of\nsection six hundred six and paragraph (a) of subdivision one of section\nfourteen of this chapter, shall not apply to out-of-state banks\nauthorized to open, occupy or maintain branches pursuant to the\nprovisions of this article.","path":["Banking Law","Article 5-C. Interstate Branching"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/225-B","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"78cb779845e98eba5944090578d1c03afc089a52c3bfb20a690de122d78c74b9","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-225-a","next":"us-ny/n.y.-banking-law-226"},"notice":"GroundRules: Original legal text. Not legal advice."}