2006 New York Code - Fiduciary Powers Of Foreign Banking Corporations.

 
    § 201-b.  Fiduciary  powers  of  foreign  banking  corporations. Every
  foreign banking corporation licensed pursuant to  article  two  of  this
  chapter  to maintain one or more branches or agencies in this state, and
  holding an authorization certificate issued  pursuant  to  this  section
  may,  subject  to  such  further  limitations  and  restrictions  as the
  superintendent may prescribe, exercise the powers described in  sections
  one  hundred,  one  hundred-a,  one  hundred-b and one hundred-c of this
  chapter to the same extent, and subject to  the  same  requirements  and
  restrictions  and  effect as apply in the case of trust companies in the
  exercise of such powers.
    The superintendent shall, within sixty days of the receipt by him of a
  request for such authorization, issue to a foreign  banking  corporation
  licensed pursuant to article two of this chapter to maintain one or more
  branches  or  agencies  in this state, a certificate of authorization to
  exercise the fiduciary powers referred to in this section at all  or  at
  any  one  or more of its authorized branches or agencies, if he shall be
  satisfied that such powers will be  exercised  in  accordance  with  the
  requirements  of  this  chapter.  The  superintendent  may, after giving
  notice of the contemplated  action  and  reasonable  opportunity  to  be
  heard,  revoke  any  such  certificate of authorization if he shall find
  that a foreign banking corporation so authorized has failed  to  conform
  to  any  requirement  of  this  chapter  relating to the conduct of such
  business. Such revocation may apply to one or  more  of  the  authorized
  branches or agencies of a foreign banking corporation.