§ 152. Business of subsidiary trust companies; limitation on powers. A\nsubsidiary trust company shall have all of the powers of and be entitled\nto engage in the business of a trust company, provided that a subsidiary\ntrust company shall not have the power to accept deposits.\n
N.Y. Banking Law § 152
Business of subsidiary trust companies; limitation on powers
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.