2010 New York Code
BNK - Banking
Article 4 - (160 - 181) PRIVATE BANKERS.
181 - Exemptions of certain private bankers.

§ 181.  Exemptions of certain private bankers. 1. Every individual and
  partnership  conducting  the  business  of  a  private  banker  on  June
  thirtieth,  nineteen  hundred thirty-eight, pursuant to an authorization
  certificate issued by the  superintendent  may  thereafter  continue  to
  conduct such business under the authority of such existing authorization
  certificate.
    2.  Nothing  in this article shall be construed to render unlawful the
  continued ownership or holding by a private banker of  any  investments,
  loans,  or  other  real  or personal property lawfully acquired prior to
  June thirtieth, nineteen hundred thirty-eight.