N.Y. Banking Law § 455 Trust Powers
| Library | New York Statutes |
| Edition | 2023 |
| Currency | Current through 2023 NY Law Chapter 777 |
| Year | 2023 |
| Citation | N.Y. Banking Law § 455 |
1. The superintendent of financial services is authorized and em...
2. Whenever the laws of this state require a trust company acting in a fiduciary capacity to deposit securities with the state authorities for the protection of private or court trusts, a credit union, so acting, is required and empowered to make similar deposits of securities.
3. The superintendent of financial services is authorized to promulgate such regulations as [it] he or she may deem necessary or proper to implement the provisions of this section and the proper exercise of the powers granted by this section.
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