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New York Consolidated Laws

6

Savings Banks

229Application 230Incorporation; organization certificate 232Organization certificate to be submitted to superintendent; proof of publication and service of notice of intention 233When corporate existence begins; conditions precedent to commencing business 234General powers 234-ASettlement, modification or readjustment of investment 234-BTrust powers 235Investment of funds 235-BEffect of usury 235-CRegulation of certain charges 235-DService corporations owned by savings banks; authorized activities of such corporations; investment therein 236Deposits by savings banks with other banking corporations and private bankers; restrictions 237Deposits with savings banks; restrictions 238Regulations and restrictions as to repayment of deposits 239Repayment of deposits of minors, trust deposits, joint deposits, and deposits adversely claimed; interpleader in certain actions; statute...239-APreservation of books and records 240Restrictions as to place of business; branch offices 240-AElectronic facilities 240-BAcceptance of United States currency 241Change of location; change of designation of principal office 242Assets; how entered and carried on books; disallowance by superintendent 243Surplus fund 244Earnings; how and when to be computed; transfers to surplus fund 245Interest payments 246Board of trustees; number; vacancies; qualifications; oath and declaration 246-AExecutive committee and other committees 247Restrictions upon trustees and officers 248Removal and forfeiture of office of trustee 249Compensation of trustees and officers 250Pensions; insurance 251Meetings; quorum; by-laws; officers 252Reports to trustees 253Official communications from department of financial services to be submitted to trustees and noted in minutes 254Examinations by trustees 255Reports to superintendent; penalty for failure to make 255-APublication and delivery of annual report 256Photographic reproduction of records 257Duties of trustees and officers 258Prohibition of unauthorized savings banks and use of the word "savings"; exception as to school savings 260Charters of all savings banks conformed to this article 260-AAmendment of organization certificate and by-laws 260-BConversion of a savings bank into a savings and loan association