N.Y. Banking Law 260-A – Amendment of organization certificate and by-laws
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§ 260-a. Amendment of organization certificate and by-laws. Any proposed change in the organization certificate or the by-laws of any savings bank shall be submitted to the superintendent and, upon the superintendent's written approval thereof, shall be posted in a conspicuous place in the office of the savings bank for thirty days. Such proposed changes may thereafter be incorporated in the organization certificate or the by-laws of the savings bank by being duly adopted by its trustees. A copy of such change shall be filed in the office of the superintendent within thirty days after such adoption.
Terms Used In N.Y. Banking Law 260-A
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.