There is a newer version of the New York Consolidated Laws
2010 New York Code
BNK - Banking
Article 3-B - (150 - 155) SUBSIDIARY TRUST COMPANIES
152 - Business of subsidiary trust companies; limitation on powers.
§ 152. Business of subsidiary trust companies; limitation on powers. A subsidiary trust company shall have all of the powers of and be entitled to engage in the business of a trust company, provided that a subsidiary trust company shall not have the power to accept deposits.
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