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NY A09057
Bill
Status
7/22/2014
Primary Sponsor
Annette Robinson
Click for details
AI Summary
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Extends the expiration date of chapter 322 of the laws of 2007 from September 10, 2014 to September 10, 2019, which relates to powers of state-chartered banking institutions to exercise rights of national banks and federal financial institutions.
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Extends the expiration date of chapter 3 of the laws of 1997 from September 10, 2014 to September 10, 2019, which authorizes the banking board to permit banks and trust companies to exercise the rights of national banks.
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Ensures that any federally permitted powers approved and any rules and regulations promulgated under these chapters remain in full force and effect after the expiration dates and are not affected by the repeal of these provisions.
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Takes effect immediately upon enactment.
Legislative Description
Extends provisions relating to the power of banks, private bankers, trust companies, savings banks, savings and loan associations, credit unions and foreign banking corporations to exercise the rights of national banks.
Last Action
signed chap.113
7/22/2014