New York State Ass'n of Life Underwriters, Inc. v. New York State Banking Department
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Crew III, J.
On December 20, 1989 and February 12, 1990 the Office of the Comptroller of the Currency (hereinafter OCC) issued interpretive letters declaring that national banking associations were permitted to broker fixed-rate annuities under the provisions of 12 USC § 24 (Seventh). Following the issuance of the OCC letters, the New York State Bankers Association requested an opinion by respondents as to whether State-chartered banks had comparable authority under State law. *340On January 24, 1991, in response to that request, respondents issued a letter opining that…
2Cases cited22 opinions
- Kurcsics v. Merchants Mutual InsuranceNew York Court of Appeals · 1980
- Helvering v. Le GierseSupreme Court of the United States · 1941
- Curtis and Others v. . LeavittNew York Court of Appeals · 1857
- Dyer v. Broadway Central BankNew York Court of Appeals · 1930
- Trump-Equitable Fifth Avenue Co. v. GliedmanNew York Court of Appeals · 1984
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- In re Estate of ZupaAppellate Division of the Supreme Court of the State of New York · 2008
- The Variable Annuity Life Insurance Co. v. Robert L. Clark, Comptroller of the CurrencyCourt of Appeals for the Fifth Circuit · 1994
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