Bill Text: NY S02873 | 2013-2014 | General Assembly | Introduced

---

Bill Title: Relates to the imposition of fees for investigations and applications for banking institutions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-08 - REFERRED TO BANKS [S02873 Detail]

Download: New_York-2013-S02873-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2873
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                   January 24, 2013
                                      ___________
       Introduced  by  Sen.  SMITH  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Banks
       AN ACT to amend the banking  law,  in  relation  to  the  imposition  of
         certain fees
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 6 of section 18-a of the banking law is  renum-
    2  bered subdivision 7 and a new subdivision 6 is added to read as follows:
    3    6. FOR ANY FEDERAL BANK, SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION OR
    4  CREDIT  UNION  WHICH HAS LESS THAN ONE HUNDRED MILLION DOLLARS IN ASSETS
    5  AND WHICH IS MAKING AN APPLICATION TO CONVERT INTO A STATE BANK, SAVINGS
    6  BANK, SAVINGS AND LOAN ASSOCIATION OR CREDIT  UNION,  THE  INVESTIGATION
    7  FEE FOR ANY SUCH APPLICATION SHALL BE ONE THOUSAND DOLLARS.
    8    S  2.  Section 34 of the banking law, as amended by chapter 310 of the
    9  laws of 1962, is amended to read as follows:
   10    S 34. Superintendent as attorney to accept service of process.   When-
   11  ever pursuant to any provision of this chapter, the superintendent shall
   12  have  been duly appointed attorney to receive service of process for any
   13  individual, partnership, unincorporated association or corporation, such
   14  service shall be made by personally delivering duplicate copies  of  the
   15  process to and leaving them with the superintendent or any deputy super-
   16  intendent.  Service of process so made shall be deemed to have been made
   17  within the territorial jurisdiction of any  court  in  this  state.  The
   18  superintendent or deputy superintendent shall forthwith forward by mail,
   19  postage  prepaid,  a  copy  of  every  process served upon him OR HER in
   20  accordance with this section, directed to the person last designated  by
   21  such  individual, partnership, unincorporated association or corporation
   22  in accordance with the provisions of this chapter to receive such  proc-
   23  ess  on  his  OR HER or its behalf. For each service of process upon the
   24  superintendent or a deputy, he OR SHE shall  collect  [the  sum  of  two
   25  dollars]  A  FEE  AS  SET  BY THE SUPERINTENDENT, PROVIDED THAT SUCH FEE
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07212-01-3
       S. 2873                             2
    1  SHALL NOT EXCEED THE AMOUNT OF THE SERVICE OF PROCESS FEE  COLLECTED  BY
    2  THE DEPARTMENT OF STATE PURSUANT TO PARAGRAPH (C) OF SECTION ONE HUNDRED
    3  FOUR-A  OF  THE  BUSINESS  CORPORATION  LAW,  which shall be paid by the
    4  plaintiff  or  moving  party at the time of such service, EXCEPT THAT NO
    5  FEE SHALL BE COLLECTED FOR PROCESS SERVED ON BEHALF OF A  COUNTY,  CITY,
    6  TOWN,  VILLAGE  OR  OTHER  POLITICAL SUBDIVISION OF THE STATE.  The term
    7  process when used in this section, includes any writ, summons,  petition
    8  or order whereby any suit, action or proceeding shall be commenced.
    9    S 3. This act shall take effect immediately.