N.Y. BNK Law § 101
This is the official text of N.Y. BNK Law § 101, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Additional powers of certain trust companies
Official statutory text
§ 101. Additional powers of certain trust companies. Every trust\ncompany which at the time this act takes effect lawfully possesses and\nexercises the power, for hire, to examine titles to real estate, to\nprocure and furnish information in relation thereto, and to guarantee or\ninsure the title to real estate to persons interested, in such real\nestate or in mortgages thereon, against loss, by reason of defective\ntitle or other encumbrances of or upon, such real estate, shall continue\nto possess such power, but no other trust company shall hereafter have\nor exercise such power.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.