Statute · New York Banking Law
N.Y. Banking Law § 319 — Limitations upon the powers of safe deposit companies
N.Y. Banking Law § 319
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 319. Limitations upon the powers of safe deposit companies.
Citator
N.Y. Banking Law § 319 — Limitations upon the powers of safe deposit companies is in force in the current edition of the Code, and nothing recorded condemns it.
§ 319. Limitations upon the powers of safe deposit companies.
No safe deposit company shall:
1. Lend money, or make any advance, on any property left in its possession, or belonging to others.
2. Open or maintain any branch offices, except as provided in section three hundred and eighteen of this article.