The amendment to the organization certificate becomes effective after the applicant's stockholders and directors have duly approved the certificate of amendment and upon the approval and filing thereof by the superintendent pursuant to Banking Law, section 1003. F or the filing of statements of condition and reports in connection with subsequent sales or distributions of capital stock, see Supervisory Procedure CB 107.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 102.4