N.Y. Banking Law Section 152
Business of subsidiary trust companies

  • limitation on powers
A subsidiary trust company shall have all of the powers of and be entitled to engage in the business of a trust company, provided that a subsidiary trust company shall not have the power to accept deposits.

Source: Section 152 — Business of subsidiary trust companies; limitation on powers, https://www.­nysenate.­gov/legislation/laws/BNK/152 (updated Sep. 22, 2014; accessed Dec. 6, 2025).

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Verified:
Dec. 6, 2025

Last modified:
Sep. 22, 2014

§ 152. Bus. of subsidiary trust companies's source at nysenate​.gov

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