New York § 101 Additional powers of certain trust companies

New York Statutes

§ 101 — Additional powers of certain trust companies

New York § 101

Law BNKBanking

Art. 3Banks and Trust Companies

This text of New York § 101 (Additional powers of certain trust companies) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 101 (2026).

Text

  § 101. Additional powers of certain trust companies. Every trust\ncompany which at the time this act takes effect lawfully possesses and\nexercises the power, for hire, to examine titles to real estate, to\nprocure and furnish information in relation thereto, and to guarantee or\ninsure the title to real estate to persons interested, in such real\nestate or in mortgages thereon, against loss, by reason of defective\ntitle or other encumbrances of or upon, such real estate, shall continue\nto possess such power, but no other trust company shall hereafter have\nor exercise such power.\n

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§ 101. Additional powers of certain trust companies. Every trust\ncompany which at the time this act takes effect lawfully possesses and\nexercises the power, for hire, to examine titles to real estate, to\nprocure and furnish information in relation thereto, and to guarantee or\ninsure the title to real estate to persons interested, in such real\nestate or in mortgages thereon, against loss, by reason of defective\ntitle or other encumbrances of or upon, such real estate, shall continue\nto possess such power, but no other trust company shall hereafter have\nor exercise such power.\n