§ 204-a. Payment of claims by foreign banking corporations where\nadverse claim is asserted; effect of claims or advices originating in,\nand statutes, rules or regulations purporting to be in force in occupied\nterritory; performance of contracts and repayment of deposits\nperformable or repayable at foreign offices of foreign banking\ncorporations. 1. Notice to any foreign banking corporation doing\nbusiness in this state under a license issued by the superintendent in\naccordance with the provisions of this chapter, of an adverse claim to a\ncredit standing on its books to the account of any person, or to the\nbalance in any deposit account, or of an adverse claim to securities or\nother property held for the account of any person, shall not be\neffectual in this state to cause said foreign banking corporation to\nrecognize said adverse claimant unless said adverse claimant shall also\neither procure a restraining order, injunction or other appropriate\nprocess against said foreign banking corporation from a court of\ncompetent jurisdiction in the United States in a cause therein\ninstituted by him wherein the person to whose account the credit or\ndeposit stands, or for whose account the securities or other property\nare held, or his executor or administrator is made a party and served\nwith summons, or shall execute to said foreign banking corporation, in\nform and with sureties acceptable to it a bond, indemnifying said\nforeign banking corporation from any and all liability, loss, damage,\ncosts and expenses, for and on account of the payment of or delivery\npursuant to such adverse claim or the dishonor of the order of the\nperson to whose account the credit or deposit stands on the books of\nsaid foreign banking corporation or for whose account the securities or\nother property are held by said foreign banking corporation.\n 2. (a) A foreign banking corporation doing business in this state\nunder a license issued by the superintendent in accordance with the\nprovisions of this chapter, need not in this state recognize or give any\neffect to (1) any claim to a credit standing on its books to the account\nof, or the balance in any deposit account of, or any claim to\nsecurities, or other property held by it for the account of, any\ncorporation, firm or association in occupied territory or (2) any\nadvice, statute, rule or regulation purporting to cancel or to give\nnotice of the cancellation of the authority of any person at the time\nappearing on the books of such foreign banking corporation as authorized\nto withdraw or otherwise dispose of cash, securities, or other property\nof such corporation, firm or association, unless such foreign banking\ncorporation is required so to do by appropriate process procured against\nit in a court of competent jurisdiction in the United States in a cause\ntherein instituted by or in the name of such corporation, firm or\nassociation, or unless the person making such claim or giving such\nadvice or invoking such statute, rule or regulation, as the case may be,\nshall execute to such foreign banking corporation, in form and with\nsureties acceptable to it, a bond indemnifying it from any and all\nliability, loss, damage, costs and expenses for and on account of\nrecognizing or giving any effect to such claim, advice, statute, rule or\nregulation.\n (b) For the purposes of this subdivision (1) the term "occupied\nterritory" shall mean territory occupied by a dominant authority\nasserting governmental, military or police powers of any kind in such\nterritory, but not recognized by the United States as the de jure\ngovernment of such territory, and (2) the term "corporation, firm or\nassociation in occupied territory" shall mean a corporation, firm or\nassociation which has, or at any time has had, a place of business in\nterritory which has at any time been occupied territory.\n (c) The foregoing provisions of this subdivision shall be effective\nonly in cases where (1) such claim or
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