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Home » US Law » 2022 New York Laws » Consolidated Laws » BNK - Banking » Article 3-B - 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.