Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 17, 2014 |
approval memo.20 signed chap.502 |
Dec 05, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to assembly passed senate 3rd reading cal.1613 substituted for s7112 |
Jun 17, 2014 |
referred to rules delivered to senate passed assembly |
Jun 16, 2014 |
ordered to third reading rules cal.304 rules report cal.304 reported |
Jun 09, 2014 |
reported referred to rules |
Apr 25, 2014 |
referred to banks |
Assembly Bill A9408
Signed By Governor2013-2014 Legislative Session
Sponsored By
ROBINSON
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Phil Steck
Donna Lupardo
Addie Jenne
Harry B. Bronson
2013-A9408 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7112
- Law Section:
- Banking Law
- Laws Affected:
- Amd §§451 & 454, add §451-a, Bank L
2013-A9408 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9408 I N A S S E M B L Y April 25, 2014 ___________ Introduced by M. of A. ROBINSON -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to qualifications for membership and general powers of credit unions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 451 of the banking law, as amended by chapter 660 of the laws of 2004, is amended to read as follows: 2. The qualifications for membership. [(a) Membership shall be limited to: (1) persons having a common employer; (2) persons and organizations who are members of the same trade, industry, profession, club, union, society or other association; (3) in the case of a credit union incorporated under this chapter as of the effective date of this subdivision, and with the approval of the superintendent, which approval shall not be given if it would be destructive of competition within a municipality, more than one common employer; provided, however, that an employer group with under three thousand employees may be added upon receipt of a notice as provided in subdivision two of section four hundred seventy-eight of this article; (4) with the approval of the superintendent, and subject to the provisions of paragraph (b) of this subdivision, more than one group each of which has, within the group, a common bond of occupation, including a common employer, or association; provided, however, that a group of less than three thousand members, which is within reasonable proximity to the credit union's service area or areas, may be added upon receipt of a notice as provided in subdivision two of section four hundred seventy-eight of this article; or (5) persons and organizations within a well-defined local community, neighborhood or rural district and who in the judgment of the super- intendent have such a community of interest as will insure proper admin- istration. (b) In considering an application to add a group to a credit union authorized under subparagraph four of paragraph (a) of this subdivision, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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