Senate Bill S4366A

Signed By Governor
2013-2014 Legislative Session

Enhances regulatory efficiency and efficacy in the banking law and general business law; repealer

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Archive: Last Bill Status Via A7213 - 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

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Bill Amendments

2013-S4366 - Details

See Assembly Version of this Bill:
A7213
Law Section:
Banking Law
Laws Affected:
Rpld §28-b sub 2, amd Bank L, generally; amd §520-c, Gen Bus L

2013-S4366 - Summary

Enhances regulatory efficiency and efficacy in the banking law and general business law.

2013-S4366 - Sponsor Memo

2013-S4366 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4366

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 22, 2013
                               ___________

Introduced  by Sen. GRIFFO -- (at request of the Department of Financial
  Services) -- read twice and ordered printed, and when  printed  to  be
  committed to the Committee on Banks

AN  ACT  to  amend  the  banking  law  and  the general business law, in
  relation to enhancing regulatory efficiency and  efficacy;  to  repeal
  certain provisions of the banking law relating thereto

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 24 of the banking law, as amended by chapter 684 of
the laws of 1938, subdivision 1 as amended by chapter 453 of the laws of
1960, subdivision 2 as amended by chapter  419  of  the  laws  of  1996,
subdivision 3 as amended by chapter 52 of the laws of 1944, subdivisions
1,  2 and 3 as further amended by section 104 of part A of chapter 62 of
the laws of 2011 and subdivision 4 as amended by chapter 608 of the laws
of 1996, is amended to read as follows:
  S 24. Investigation by superintendent;  refusal  or  approval;  filing
certificate.  1. Within ninety days after the date when any organization
certificate or private banker's certificate shall have  been  filed  for
examination,  the  superintendent, if [he] THE SUPERINTENDENT shall find
after investigation and examination  of  what  [he]  THE  SUPERINTENDENT
deems  to  be the best sources of information [at his command] AVAILABLE
that the character, responsibility and general fitness of the person  or
persons  named in such certificate are such as to command confidence and
warrant belief that the business of the proposed corporation or  private
banker 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  allowing  such  proposed  corporation  or
private  banker  to  engage  in  business,  shall  [submit] APPROVE such
certificate [to the superintendent of financial services  together  with
all  papers,  correspondence  and  other  information  in his possession
relating thereto, including the results of  his  investigation  and  his

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09014-01-3
              

2013-S4366A (ACTIVE) - Details

See Assembly Version of this Bill:
A7213
Law Section:
Banking Law
Laws Affected:
Rpld §28-b sub 2, amd Bank L, generally; amd §520-c, Gen Bus L

2013-S4366A (ACTIVE) - Summary

Enhances regulatory efficiency and efficacy in the banking law and general business law.

2013-S4366A (ACTIVE) - Sponsor Memo

2013-S4366A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4366--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 22, 2013
                               ___________

Introduced  by Sen. GRIFFO -- (at request of the Department of Financial
  Services) -- read twice and ordered printed, and when  printed  to  be
  committed  to  the  Committee on Banks -- reported favorably from said
  committee and committed to  the  Committee  on  Finance  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the  banking  law  and  the general business law, in
  relation to enhancing regulatory efficiency and  efficacy;  to  repeal
  certain provisions of the banking law relating thereto

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 24 of the banking law, as amended by chapter 684 of
the laws of 1938, subdivision 1 as amended by chapter 453 of the laws of
1960, subdivision 2 as amended by chapter  419  of  the  laws  of  1996,
subdivision 3 as amended by chapter 52 of the laws of 1944, subdivisions
1,  2 and 3 as further amended by section 104 of part A of chapter 62 of
the laws of 2011 and subdivision 4 as amended by chapter 608 of the laws
of 1996, is amended to read as follows:
  S 24. Investigation by superintendent;  refusal  or  approval;  filing
certificate.  1. Within ninety days after the date when any organization
certificate or private banker's certificate shall have  been  filed  for
examination,  the  superintendent, if [he] THE SUPERINTENDENT shall find
after investigation and examination  of  what  [he]  THE  SUPERINTENDENT
deems  to  be the best sources of information [at his command] AVAILABLE
that the character, responsibility and general fitness of the person  or
persons  named in such certificate are such as to command confidence and
warrant belief that the business of the proposed corporation or  private
banker 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  allowing  such  proposed  corporation  or
private  banker  to  engage  in  business,  shall  [submit] APPROVE such

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09014-02-3
              

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