396-A - Electronic facilities.

§ 396-a.  Electronic  facilities.  A  savings and loan association may  conduct a banking business, at automated teller machines,  point-of-sale  terminals,  and  similar  facilities subject to regulations which may be  promulgated by the banking board. Such facilities shall not be deemed to  be branches and shall not be subject to any of the  provisions  of  this  chapter  applicable  to  branches; provided however that notwithstanding  the foregoing, for purposes of  paragraph  (b)  of  subdivision  two  of  section  three hundred ninety-six of this chapter, such facilities shall  be deemed to be branches, and such facilities shall be  subject  to  the  terms  and  conditions  of  section  three  hundred  ninety-six, and for  purposes of section twenty-eight-b  of  this  chapter,  such  facilities  shall be deemed to be branches.