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N.Y. Banking Law § 319 – Limitations upon the powers of safe deposit companies | Midpage
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New York Consolidated Laws
Banking
2
8
319
N.Y. Banking Law § 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.