Statute · New York Banking Law
N.Y. Banking Law § 9-n — Trust accounts; address of beneficiary
N.Y. Banking Law § 9-n
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 9-n. Trust accounts; address of beneficiary. 1. Every banking institution, which for the purposes of this section means a bank, trust company, savings bank, savings and loan association, licensed foreign bank or credit union, which shall hold accounts by depositors in such depositor's own name…
Citator
N.Y. Banking Law § 9-n — Trust accounts; address of beneficiary is in force in the current edition of the Code, and nothing recorded condemns it.
§ 9-n. Trust accounts; address of beneficiary. 1. Every banking institution, which for the purposes of this section means a bank, trust company, savings bank, savings and loan association, licensed foreign bank or credit union, which shall hold accounts by depositors in such depositor's own name and, further, in trust for a third party beneficiary or beneficiaries, shall make a written record of the address of any such beneficiary or beneficiaries at the time a trust account is established.
2. The superintendent shall enforce the provisions of this section by appropriate rules, regulations and orders.