Sec. 81.1. Explanatory note

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Section 202-a of the Banking Law authorizes the superintendent to adopt regulations that permit a foreign banking corporation, licensed pursuant to article II of the Banking Law to maintain one or more agencies in New York, to issue to a corporation, partnership, trust, unincorporated association, joint-stock association or similar association obligations each in a principal amount of not less than $100,000.

                    
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