Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - BANKING
Article 3-B - SUBSIDIARY TRUST COMPANIES
Section 152 - Business of subsidiary trust companies; limitation on powers

N.Y. Banking Law § 152

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Current through 2024 NY Law Chapter 553
Section 152 - Business of subsidiary trust companies; limitation on powers

A subsidiary trust company shall have all of the powers of and be entitled to engage in the business of a trust company, provided that a subsidiary trust company shall not have the power to accept deposits.

N.Y. BankingLaw § 152