N.Y. Banking Law Section 332
Definitions

As used in this article, the following terms have the following meanings:

1.

Lessor. The term, “lessor” means a banking organization, foreign banking corporation or a national banking association authorized to engage in the safe deposit business.

2.

Safe deposit box. The term, “safe deposit box” means a vault, safe deposit box or other receptacle.

Source: Section 332 — Definitions, https://www.nysenate.gov/legislation/laws/BNK/332 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

332
Definitions 333
Access to safe deposit boxes by certain fiduciaries 334
Leases to minors 335
Special remedies where rental of safe deposit box is not paid or when safe deposit box is not vacated on termination of lease 336
Special remedies where property is deposited 337
Sale of safe deposit business 338
Notice to renters of safe deposit boxes regarding insurance

Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 332’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._banking_law_section_332

Original Source: Section 332 — Definitions, https://www.nysenate.gov/legislation/laws/BNK/332 (last accessed Aug. 20, 2023).

N.Y. Banking Law Section 332 Definitions

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N.Y. Banking Law Section 332
Definitions