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2015 New York Laws
BNK - Banking
Article 8 - (Banking) SAFE DEPOSIT COMPANIES.
319 - Limitations upon the powers of safe deposit companies.

NY Banking L § 319 (2015) What's This?
 319. Limitations upon the powers of safe deposit companies.

No safe deposit company shall:

1.  Lend  money,  or  make  any  advance,  on any property left in its
  possession, or belonging to others.

2. Open or maintain any branch offices, except as provided in  section
  three hundred and eighteen of this article.

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