Assembly Bill A3569

2017-2018 Legislative Session

Prohibits banks from holding for deposit state issued check

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-A3569 (ACTIVE) - Details

See Senate Version of this Bill:
S2655
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Add §9-e, Bank L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3414
2011-2012: A2759
2013-2014: A4089
2015-2016: A3228, S6240
2019-2020: A3554, S4935
2021-2022: A1699
2023-2024: A4555

2017-A3569 (ACTIVE) - Summary

Prohibits banks from holding for deposit the funds from checks issued by the state.

2017-A3569 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3569
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 Introduced by M. of A. PRETLOW, COOK, HOOPER -- 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:
 
   Section 1. The banking law is amended by adding a new section  9-e  to
 read as follows:
   §  9-E.  DEPOSIT  OF  STATE  ISSUED CHECKS. NO BANKING INSTITUTION, AS
 DEFINED IN SECTION NINE-F OF THIS ARTICLE, SHALL HOLD  FOR  DEPOSIT  THE
 FUNDS FROM A CHECK ISSUED BY THE STATE.
   §  2.  This  act shall take effect on the thirtieth day after it shall
 have become a law.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00715-01-7

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