N.Y. BNK Law § 153
This is the official text of N.Y. BNK Law § 153, 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.
Offices
Official statutory text
§ 153. Offices. Notwithstanding the provisions of sections twenty-nine\nand one hundred five of this chapter, (a) a subsidiary trust company may\nopen and occupy a trust office, including its principal office, at any\none or more locations in the state of New York at which the owning bank\nholding company, any affiliated bank, or any affiliated trust company\nhas a banking office, and (b) an affiliated trust company may open and\noccupy a trust office at the location in the state at which such\nsubsidiary trust company has its principal office. A subsidiary trust\ncompany or an affiliated trust company, as the case may be, which\nproposes to open and occupy a trust office pursuant to this section\nshall make written application to the superintendent for leave to do so\nin the manner provided in section twenty-nine of this chapter with\nrespect to branch offices and shall pay the investigation fee specified\ntherein.\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.