Banking Law § 7014 · Title 7. Directors and Officers
Removal of officers
Verbatim from the official edition
Text — Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
§ 7014. Removal of officers. 1. Any officer elected or appointed by the board may be removed by the board, or his authority suspended by it, with or without cause. Such removal or suspension without cause, however, shall be without prejudice to his contract rights. The election or appointment of an officer shall not be deemed of itself to create contract rights.
2. This section does not affect the powers of the superintendent under section forty-one of this chapter.
Source of truth
- Edition
- Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/BNK7014
- Text hash
- sha256 23a497d506519d99a3bb0325158f4b037e83ac8152a59ce36ce57cf0f2a771f3
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.