New York Banking Law Article 8 - SAFE DEPOSIT COMPANIES.

• 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...
• 318 - Branch Offices.
  Any safe deposit company having a capital of one hundred thousand dollars or more may, in accordance with the provisions of article two of 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...
• 320 - Books and Records.
  Every safe deposit company shall conform its methods of keeping its books and records to such orders in respect thereto as shall have been made...
• 321 - Change of Location; Change of Designation of Principal Office.
  Any safe deposit company may make a written application to the superintendent for leave to change its place or one of its places of business...
• 323 - Assessment of Stockholders to Make Good Impairment of Capital; Sale of Stock.
  Whenever the superintendent shall have made requisition upon any safe deposit company pursuant to the provisions of article two of this chapter to make good...
• 324 - Change of Control.
  1. It shall be unlawful, except with the prior approval of the superintendent, for any company, as defined in subdivision two of section one hundred...
• 327 - Use of Sign or Words Indicating Safe Deposit Company by Unauthorized Persons Prohibited.
  1. No entity, other than a duly chartered safe deposit company, shall make use of any office sign at the place where such business is...
• 328 - Communications From Department of Financial Services Must Be Submitted to Directors and Noted in Minutes.
  Every official communication as defined in article two of this chapter directed to a safe deposit company or to any officer thereof shall be submitted,...
• 329 - Reports to Superintendent; Penalty for Failure to Make.
  On or before the first day of February in each year, every safe deposit company shall make a written report to the superintendent of financial...
• 330 - Liability of Safe Deposit Company for Assessments by Superintendent.
  When the superintendent, pursuant to the powers conferred on him by article two of this chapter, shall have levied any assessment upon any safe deposit...

Last modified: February 3, 2019