New York State Assembly

Bill No.:  

 
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S04935 Summary:

BILL NO	S04935
SAME AS	SAME AS A03554
SPONSOR	SANDERS
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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S04935 Actions:

BILL NO	S04935
03/29/2019	REFERRED TO BANKS
01/08/2020	REFERRED TO BANKS

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S04935 Committee Votes:

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S04935 Floor Votes:

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S04935 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4935
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                     March 29, 2019
                                       ___________
 
        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed 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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