New York State Assembly

Bill No.:  

 
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•  Memo 
 
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S06240 Summary:

BILL NO	S06240
SAME AS	SAME AS A03228
SPONSOR	HAMILTON
COSPNSR	COMRIE
MLTSPNSR
Add S9-e, Bank L
Prohibits banks from holding for deposit the funds from checks issued by the state.

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S06240 Actions:

BILL NO	S06240
01/06/2016	REFERRED TO BANKS

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S06240 Committee Votes:

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S06240 Floor Votes:

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S06240 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6240
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 6, 2016
                                       ___________
 
        Introduced  by Sen. HAMILTON -- 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.
                                                                   LBD05363-01-5

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