New York Banking Law

Sec. § 319
Limitations Upon the Powers of Safe Deposit Companies


§ 319. Limitations upon the powers of safe deposit companies. No safe deposit company shall:

1.

Lend money, or make any advance, on any property left in its possession, or belonging to others.

2.

Open or maintain any branch offices, except as provided in section three hundred and eighteen of this article.
Source

Last accessed
Dec. 13, 2016