Sec. 116.1. Covered entities

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(a) This Part shall apply to all “banking organizations” and “foreign banking corporations.”
(b) The term banking organization shall have the meaning ascribed to it in section 2 of the New York Banking Law.
(c) The term foreign banking corporation shall mean any branch, agency or representative office located in New York State of a foreign banking corporation licensed to maintain such a facility under article V or article V-B of the Banking Law.

                    
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