N.Y. Banking Law 9015 – Corporate name; exceptions
§ 9015. Corporate name; exceptions. 1. Any reference to a corporation in this section shall include both corporations and foreign corporations.
Terms Used In N.Y. Banking Law 9015
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means and includes all mutual savings banks, mutual savings and loan associations, mutual holding companies and credit unions. See N.Y. Banking Law 9001
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
2. The provisions of section nine thousand fourteen:
(a) Shall not require any corporation existing or recognized under this chapter on the effective date of this article, to add to, modify or otherwise change its corporate name.
(b) Shall not prevent a corporation with which another corporation is merged or which is formed by the reorganization or consolidation of one or more other corporations or upon a sale, lease, exchange or other disposition of all or substantially all of the assets of another corporation, including its name, from having the same name as any of such corporations if at the time such other corporation was licensed or existing under this chapter.