Statute · New York Banking Law
N.Y. Banking Law § 152 — Business of subsidiary trust companies; limitation on powers
N.Y. Banking Law § 152
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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.
Citator
N.Y. Banking Law § 152 — Business of subsidiary trust companies; limitation on powers is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.