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Statutes » New York » BNK Law » Article 4

N.Y. BNK Law § 165

This is the official text of N.Y. BNK Law § 165, 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.

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Segregation of investments; title to be taken in descriptive name

Official statutory text

§ 165. Segregation of investments; title to be taken in descriptive\nname. 1. Every private banker shall segregate and keep separate and\napart from all other property and assets of the individual or\npartnership all securities and property, and the evidences of title\nthereto, in which funds held by him as a private banker and the surplus\nused by him in his private banking business have been invested. The\nphrase "funds held by him as a private banker" shall for the purpose of\nthis chapter mean such private banker's permanent capital and moneys\nreceived by him on deposit.\n 2. All conveyances, deeds, mortgages, assignments, contracts and\nagreements received, taken, or entered into by any private banker, in\nconnection with his banking business, shall be received, taken, or\nentered into in the firm name if such private banker is a partnership or\nin the name of such private banker with the addition of the descriptive\nname "private banker" if such private banker is not a partnership.\n

Status: in_force · Read it on the official government site

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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.