2015 New York Laws
BNK - Banking
Article 2 - (Banking) DEPARTMENT OF FINANCIAL SERVICES; SUPERINTENDENT OF FINANCIAL SERVICES; SUPERVISORY AND REGULATORY POWERS
27 - Exchange and examination of securities.

 27.  Exchange  and  examination  of  securities. 1. Any corporation,
  unincorporated association, partnership or individual which  shall  have
  deposited  with  the  superintendent  in  trust  any  stocks or bonds in
  pursuance of any requirement of this chapter, may be  permitted  by  the
  superintendent,  so  long  as it shall continue business in the ordinary
  course, from time to time to withdraw any of such stocks or  bonds  upon
  depositing  with the superintendent other stocks or bonds of the kind it
  is required by this chapter to deposit with him and if the value of  the
  stocks  or  bonds  so  held  by  the  superintendent  exceeds the amount
  required by this chapter to be so deposited,  the  stocks  or  bonds  in
  excess  of  such  amount  may  be withdrawn without depositing others in
  exchange therefor.
2. Any such corporation, unincorporated  association,  partnership  or
  individual may, at any time during ordinary business hours, examine such
  stocks  or  bonds  and  compare them with the record on the books of the
  department. Unless it shall deliver to the superintendent at least  once
  in  each calendar year, a statement listing such stocks or bonds and the
  amounts thereof, and stating that they are in the custody and possession
  of  the  superintendent  at  the  date  of  the  statement,  the   state
  comptroller  and  the  superintendent  shall  appoint  some suitable and
  discreet  person  as  agent   for   such   corporation,   unincorporated
  association, partnership or individual, who shall make an examination of
  such  stocks or bonds. If such agent finds that the stocks or bonds held
  by the superintendent agree with the records thereof on the books of the
  department, he shall execute a statement in the form above described and
  transmit a copy thereof to the corporation, unincorporated  association,
  partnership  or  individual  in  behalf  of  which  it is made, and such
  statement shall have the same force and effect as if  executed  by  such
  corporation,  unincorporated  association,  partnership  or  individual.
  Compensation for the services and expenses of such agent in making  such
  examination shall be paid as a general expense of the department.