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Home » US Law » 2022 New York Laws » Consolidated Laws » BNK - Banking » Article 4 - Private Bankers. » 162 – Permanent Capital; Increase or Decrease.

§ 162. Permanent capital; increase or decrease. Every private banker shall keep unimpaired in his banking business the amount of permanent capital specified in his verified certificate. From time to time, with the written approval of the superintendent and upon good cause shown, such permanent capital may be increased or decreased.