Laws of New York (Last Updated: November 21, 2014)

Section 162. Permanent capital; increase or decrease

Latest version.

Every private banker
  shall keep unimpaired in his banking business the  amount  of  permanent
  capital  specified in his verified certificate.  From time to time, with
  the written approval of the superintendent and upon  good  cause  shown,
  such permanent capital may be increased or decreased.

                    
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