New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 16. Certain Mergers and Acquisitions of Assets Involving Banking Institutions |
Sec. 16.1. Definitions
Latest version.
- For the purposes of this Part:(a) stock-form thrift institutions shall include both stock-form savings banks and stock-form savings and loan associations organized under New York law;(b) mutual thrift institutions shall include both mutual savings banks and mutual savings and loan associations organized under New York law;(c) commercial banks shall include both banks and trust companies organized under New York law;(d) Federal thrift institutions shall include both federally chartered savings banks and federally chartered savings and loan associations, whether in mutual or stock form; and(e) investment companies shall have the same meaning as in subdivision 10 of section 2 of the Banking Law.