151 – Organization of Subsidiary Trust Companies.
§ 151. Organization of subsidiary trust companies. A subsidiary trust company shall be organized in accordance with the provisions of this chapter relating to the organization of trust companies. All of the outstanding voting stock of a subsidiary trust company shall be owned by a bank holding company.
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.
153 – Offices.
§ 153. Offices. Notwithstanding the provisions of sections twenty-nine and one hundred five of this chapter, (a) a subsidiary trust company may open and occupy a trust office, including its principal office, at any one or more locations in the state of New York at which the owning bank holding company, any affiliated bank, or […]
154 – Transfer of Fiduciary Relationships From Affiliated Banks or Trust Companies to Subsidiary Trust Companies.
§ 154. Transfer of fiduciary relationships from affiliated banks or trust companies to subsidiary trust companies. 1. (a) At any time or times after the issuance to it by the superintendent of the authorization certificate specified in article two of this chapter, a subsidiary trust company may apply by verified petition to the supreme court, […]
155 – Applicable Laws and Regulations.
§ 155. Applicable laws and regulations. To the extent not inconsistent with provisions of this article, a subsidiary trust company shall be subject to the laws of the state of New York generally applicable to trust companies. Nothing in this article shall be deemed to affect in any way the powers of the superintendent of […]