Section 227. Powers permitted to out-of-state branches of New York banks

A
  New  York  bank  that  opens,  occupies and maintains one or more branch
  offices in any state may exercise such powers at such branch or branches
  as would be permitted at such place or places to an  out-of-state  state
  bank  maintaining  a branch or branches at such place or places with the
  type of charter that most nearly corresponds to the charter of such  New
  York  bank; provided, however, that prior to exercising in any state any
  power not permitted to be exercised by such New York bank in this state,
  it shall apply to the superintendent to exercise such power and approval
  therefor shall be given unless the superintendent  determines  that  the
  exercise  of  such  power  is  contrary  to  the  declaration  of policy
  contained in section ten of this chapter.