New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 2 - Banking Board: Procedure In Removal Proceedings
Section 2.2 - Notice of hearing

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 2.2

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Upon receipt by the Banking Board from the superintendent of any certification of facts pursuant to Banking Law, section 41, the Banking Board shall cause notice to be served as provided in said section, and shall cause a copy of such notice to be served upon the superintendent.

(b) Such notice shall specify when and where a hearing is to be held. Such hearing shall be held not less than 30 days from the date of service of such notice upon the director, trustee or officer sought to be removed (hereinafter referred to as the "respondent"), unless the respondent or the superintendent shall in writing, for good cause shown, request a hearing at an earlier date, in which event the Banking Board may, in its discretion, direct a hearing at such earlier date.

(c) A copy of the superintendent's certification and of this Part shall be annexed to the aforesaid notices served pursuant to Banking Law, section 41.

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