Section 25-A. Authority of superintendent to file organization certificate and issue authorization certificate under certain conditions

1.  Notwithstanding  any  other  provision  of  law  to  the  contrary,  the
  superintendent  is  authorized  to  file  and  approve  the organization
  certificate of a bank or trust company and  to  issue  an  authorization
  certificate  to  such  bank  or  trust  company  in  accordance with the
  provisions of subdivision two of this section.
    2. If the superintendent, after taking possession of the business  and
  property of any banking organization pursuant to section six hundred six
  of this chapter, shall find that it is in the public interest for all or
  a  substantial  part  of  the  business  or  property  of  such  banking
  organization to be acquired by a bank or trust company to  be  organized
  for  such  purpose,  he  may forthwith file and approve the organization
  certificate of, and issue an authorization certificate to, such bank  or
  trust  company  and  in  connection  therewith  may waive any condition,
  requirement or provision of articles two,  three  and  fifteen  of  this
  chapter,  provided,  however, that the superintendent shall be empowered
  to impose such terms and conditions, if any,  on  the  exercise  of  any
  authority  granted  to  any  such  bank  or trust company as he may deem
  appropriate to effectuate the declaration of policy contained in section
  ten of this article.
    * NB Expired March 31, 1982