New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 70 - Interlocking Directors And Officers Of Banking Organizations And Bank Holding Companies
Section 70.2 - Exceptions

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 70.2
Current through Register Vol. 46, No. 12, March 20, 2024

The Banking Board may, by a three-fifths vote, grant permission to one or more executive officers of any institution or institutions of a type named in section 70.1 of this Part to be an executive officer, director or trustee, or both an executive officer and a director or trustee, of any other such institution. Such permission may be granted after review by the Banking Board of an application made by such executive officer or officers, or by such an institution which presently has, or is actively considering the election of, one or more such executive officers as an executive officer, director or trustee, or both an executive officer and a director or trustee, of the applying institution.

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