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New York State Assembly

Speaker Carl E. Heastie
 
     
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A07502 Summary:

BILL NOA07502
 
SAME ASNo Same As
 
SPONSORPretlow
 
COSPNSR
 
MLTSPNSR
 
Add §9-e, Bank L
 
Prohibits banks from holding for deposit the funds from checks issued by the state.
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A07502 Text:




 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7502
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 28, 2025
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Banks
 
        AN ACT to amend the banking law, in relation to  the  deposit  of  state
          issued checks
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The banking law is amended by adding a new section  9-e  to
     2  read as follows:
     3    §  9-e.  Deposit  of  state  issued checks. No banking institution, as
     4  defined in section nine-f of this article, shall hold  for  deposit  the
     5  funds from a check issued by the state.
     6    §  2.  This  act shall take effect on the thirtieth day after it shall
     7  have become a law.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10711-01-5
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