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New York Consolidated Laws, Banking Law - BNK § 162. Permanent capital;  increase or decrease

Current as of January 01, 2026 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - New York Consolidated Laws, Banking Law - BNK § 162. Permanent capital;  increase or decrease - last updated January 01, 2026 | https://codes.findlaw.com/ny/banking-law/bnk-sect-162/

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