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2015 New York Laws
BNK - Banking
Article 8 - (Banking) SAFE DEPOSIT COMPANIES.
317 - General powers.

NY Banking L § 317 (2015) What's This?
 317.  General  powers.  Every safe deposit company shall, subject to
  the limitations and restrictions contained in  this  article,  have  the
  power:

1.  To  receive  upon  deposit  as  bailee for storage, upon terms and
  conditions to be  prescribed  by  the  safe  deposit  company,  personal
  property and papers of any kind.

2.  To  engage  in  the  safe deposit business by renting vaults, safe
  deposit boxes and other receptacles upon premises occupied by  the  safe
  deposit  company  upon such terms and conditions as may be prescribed by
  the safe deposit company.

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