New York § 153 Offices

New York Statutes

§ 153 — Offices

New York § 153

Law BNKBanking

Art. 3-BSubsidiary Trust Companies

This text of New York § 153 (Offices) 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 § 153 (2026).

Text

  § 153. Offices. Notwithstanding the provisions of sections twenty-nine\nand one hundred five of this chapter, (a) a subsidiary trust company may\nopen and occupy a trust office, including its principal office, at any\none or more locations in the state of New York at which the owning bank\nholding company, any affiliated bank, or any affiliated trust company\nhas a banking office, and (b) an affiliated trust company may open and\noccupy a trust office at the location in the state at which such\nsubsidiary trust company has its principal office. A subsidiary trust\ncompany or an affiliated trust company, as the case may be, which\nproposes to open and occupy a trust office pursuant to this section\nshall make written application to the superintendent for leave to do so\nin the manner prov

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§ 153. Offices. Notwithstanding the provisions of sections twenty-nine\nand one hundred five of this chapter, (a) a subsidiary trust company may\nopen and occupy a trust office, including its principal office, at any\none or more locations in the state of New York at which the owning bank\nholding company, any affiliated bank, or any affiliated trust company\nhas a banking office, and (b) an affiliated trust company may open and\noccupy a trust office at the location in the state at which such\nsubsidiary trust company has its principal office. A subsidiary trust\ncompany or an affiliated trust company, as the case may be, which\nproposes to open and occupy a trust office pursuant to this section\nshall make written application to the superintendent for leave to do so\nin the manner provided in section twenty-nine of this chapter with\nrespect to branch offices and shall pay the investigation fee specified\ntherein.\n