Laws of New York (Last Updated: November 21, 2014) |
BNK Banking |
Article 13. MERGER; VOLUNTARY DISSOLUTION; SUPERINTENDENT'S TAKING POSSESSION; REORGANIZATION; LIQUIDATION |
Article 13. MERGER; VOLUNTARY DISSOLUTION; SUPERINTENDENT'S TAKING POSSESSION; REORGANIZATION; LIQUIDATION
Section 600. Merger; when authorized |
Section 601. Merger agreement; authorization; approval; filing |
Section 601-A. Purchase of assets |
Section 601-B. Approval or disapproval of merger or purchase of assets |
Section 601-C. Sale, lease, exchange or other disposition of property, rights, privileges and franchises |
Section 602. Effect of merger |
Section 603. Issuance of new certificates of stock or other consideration |
Section 604. Rights of dissenting stockholders |
Section 604-A. Transfer of fiduciary relationships of a banking institution |
Section 605. Voluntary liquidation; sale of assets; forfeiture of charter by non-user |
Section 605-A. Transfer of deposit liabilities of bank or trust company; sale or pledge of assets to facilitate such transfer |
Section 606. When superintendent may take possession of banking organization; when possession may be surrendered |
Section 607. Manner and time within which taking possession may be tested |
Section 609. Resumption of business by bank, trust company or industrial bank; retirement of certificates; applicability to stock-form savings banks and stock-form savings and loan associations |
Section 610. Resumption of business in accordance with plan of reorganization |
Section 611. Special deputies; assistants; counsel and other employees |
Section 611-A. Appointment of single judge |
Section 612. Certificates to be recorded and received in evidence |
Section 612-A. Payment of wages |
Section 613. Payment by superintendent of expenses of liquidation |
Section 614. Obtaining possession of pleadings, et cetera, in actions against which attorneys' liens are asserted |
Section 615. On taking possession, superintendent shall notify those holding assets; effect of notification; turnover of assets and payment of debts owed to the banking organization |
Section 616. Inventory of assets; where filed |
Section 617. Disposition of property held as bailee, or depositary; opening of safe deposit boxes; disposal of contents |
Section 618-A. Repudiation of contracts |
Section 619. Prosecution and defense of actions; actions preferred; limitations; power to execute instruments; exemption from filing and other fees |
Section 620. Notice to creditors to make proof of claims; form of claims; claims for priority of payment |
Section 620-A. Certain claims shall not be accepted |
Section 622. List of claims duly presented; filing |
Section 623. Filing objections to claims presented or listed; procedure upon claim under objection |
Section 624. Acceptance and rejection of claims and accounts; filing of list thereof; secured claims and accounts; determination of priorities |
Section 625. Effect of accepting claims and accounts; limitation upon actions to establish claims and accounts; necessary allegations; effect of judgment |
Section 626. Judgments recovered shall not be liens |
Section 627. Dividends to creditors; distributions to stockholders; dissolution; destruction of documents |
Section 628. Payment of dividends when deposits have been made available by Federal Deposit Insurance Corporation |
Section 629. Payment of dividends to minors, trustees or joint depositors; payment of dividends where adverse claim is asserted; interpleader in certain actions |
Section 630. Claims of shareholders and members of credit unions and savings and loan associations |
Section 631. Actions against directors, trustees, managers or officers for violation of their official duties |
Section 633. Service of notice or process during time of war |
Section 634. Power to appoint regulator or insurer as receiver; additional powers |