New York State Assembly

Bill No.:  

 
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A03554 Summary:

BILL NO	A03554
SAME AS	SAME AS S04935
SPONSOR	Pretlow (MS)
COSPNSR	Cook
MLTSPNSR	Glick, Gottfried
Add §9-e, Bank L
Prohibits banks from holding for deposit the funds from checks issued by the state.

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A03554 Actions:

BILL NO	A03554
01/29/2019	referred to banks
01/08/2020	referred to banks

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A03554 Committee Votes:

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A03554 Floor Votes:

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A03554 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3554
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 29, 2019
                                       ___________
 
        Introduced  by  M. of A. PRETLOW, COOK -- Multi-Sponsored by -- M. of A.
          GLICK, GOTTFRIED -- read once and referred to the Committee 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.
                                                                   LBD06552-01-9

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