New York Banking Law

Sec. § 9-N
Trust Accounts; Address of Beneficiary


1.

Every banking institution, which for the purposes of this section means a bank, trust company, savings bank, savings and loan association, licensed foreign bank or credit union, which shall hold accounts by depositors in such depositor’s own name and, further, in trust for a third party beneficiary or beneficiaries, shall make a written record of the address of any such beneficiary or beneficiaries at the time a trust account is established.

2.

The superintendent shall enforce the provisions of this section by appropriate rules, regulations and orders.
Source

Last accessed
Dec. 13, 2016