2006 New York Code - Definitions.


 
    § 150.  Definitions.  1. "Subsidiary trust company", when used in this
  article, means a trust company which is subject  to  the  provisions  of
  this article.
    2. "Bank holding company" and "subsidiary", when used in this article,
  shall  each  have  the  same  meaning  specified  in section one hundred
  forty-one of this chapter.
    3. "Owning bank holding company",  when  used  in  this  article  with
  respect  to  a  subsidiary trust company, means the bank holding company
  which owns all of the outstanding voting stock of such subsidiary  trust
  company.
    4.  When  used  in  this  article, an "affiliated bank" or "affiliated
  trust company" of a subsidiary trust company means  any  bank  or  trust
  company  or  national  bank  which  is  a subsidiary of the bank holding
  company which owns such subsidiary trust company.
    5. "Trust office", when  used  in  this  article  with  respect  to  a
  subsidiary  trust  company,  means  an  office  of  the subsidiary trust
  company maintained for the purpose of conducting its business.
    6. "Trust officer", when used in this article with respect to a  trust
  company  which  is  not  a  subsidiary  trust  company,  means an office
  maintained solely for the purpose of conducting business relating to the
  exercise of its fiduciary powers.


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