NY BANK § 225-b. Applicability of certain sections to out-of-state banks

1. Except as otherwise provided in this section, nothing in article five or article five-B of this chapter shall apply to an out-of-state bank or out-of-state trust company authorized to open, occupy and maintain a branch pursuant to the provisions of this article or a trust office pursuant to this article or to of this chapter.  Any reference in this chapter (other than in article five or article five-B) to a foreign bank, foreign corporation or foreign banking corporation shall be deemed to be a reference to an out-of-state bank or out-of-state trust company authorized to open, occupy and maintain a branch pursuant to the provisions of this article or a trust office pursuant to this article or to of this chapter.  Notwithstanding the foregoing, the provisions of (Repayment of deposits standing in the names of minors, trustees, joint depositors or custodians;  interpleader in certain actions), of this chapter shall apply with equal force and effect to out-of-state banks or out-of-state trust companies authorized to open, occupy or maintain branches pursuant to the provisions of this article.

2. The provisions of of , , and of this chapter with respect to restrictions on executive officers or directors of foreign banking corporations and the provisions of , , , and of , and of this chapter, shall not apply to out-of-state banks authorized to open, occupy or maintain branches pursuant to the provisions of this article.