N.Y. Banking Law Section 202-I
Safe deposit business of branches


Each such foreign banking corporation which is authorized to maintain a branch or branches in this state may (a) receive upon deposit for safe-keeping for hire upon terms and conditions to be prescribed by such foreign banking corporation, money, securities, papers of any kind and any other personal property, and

(b)

engage in the safe deposit business by renting vaults, safe deposit boxes or other receptacles upon premises of such branch or branches, upon such terms and conditions as may be prescribed by such foreign corporation.

Source: Section 202-I — Safe deposit business of branches, https://www.­nysenate.­gov/legislation/laws/BNK/202-I (updated Sep. 22, 2014; accessed Jun. 15, 2024).

200
When foreign banking corporation may transact business in this state
200‑A
Actions maintained by a foreign banking corporation
200‑B
Actions maintained against foreign banking corporation
200‑C
Maintenance of books, accounts and records
201
Conditions to be complied with by foreign banking corporations applying for initial license
201‑A
Rights and privileges of foreign banking corporation under license
201‑B
Fiduciary powers of foreign banking corporations
201‑C
Notice of acquisition of control or merger
202
Rates of interest
202‑A
Restrictions on receiving deposits
202‑B
Maintenance of assets in this state
202‑C
Reserves against deposits
202‑D
Foreign banking corporation may not maintain both agencies and branches in this state
202‑F
Restrictions on loans, purchases of securities and total liabilities of any one person to New York branch or agency of foreign bank
202‑G
Succession to agency by branch and to branch by agency
202‑H
Repayment of deposits standing in the names of minors, trustees, joint depositors or custodians
202‑I
Safe deposit business of branches
202‑J
Power to act as trustee under self-employed retirement trust or individual retirement trust
203
Change of location, name or business
204
Reports of foreign banking corporations
204‑A
Payment of claims by foreign banking corporations where adverse claim is asserted
206
Termination of existence
207
Service of process on unlicensed corporation formed under laws other than the statutes of this state
208
Nondiscriminatory treatment of insured state banks and national banks
209
Restrictions on executive officers of foreign banking corporations and national banks

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 202-I’s source at nysenate​.gov

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