New York § 150 - 150Definitions
Full text of New York New York Consolidated Laws § 150 — 150Definitions, with citation guidance and answers to common questions.
§ 150. 150Definitions
§ 150. Definitions. 1. "Subsidiary trust company", when used in this article, means a trust company which is subject to the provisions of this article. 2. "Bank holding company" and "subsidiary", when used in this article, shall each have the same meaning specified in section one hundred forty-one of this chapter. 3. "Owning bank holding company", when used in this article with respect to a subsidiary trust company, means the bank holding company which owns all of the outstanding voting stock of such subsidiary trust company. 4. When used in this article, an "affiliated bank" or "affiliated trust company" of a subsidiary trust company means any bank, trust company, savings bank, savings and loan association, national bank, federal savings bank, federal savings association, or out-of-state state bank (as such term is defined in section two hundred twenty-two of this chapter), or such other banking institution as the superintendent of financial services may permit specifically or by general rule or regulation, which is a subsidiary of the bank holding company which owns such subsidiary trust company. 5. "Trust office", when used in this article with respect to a subsidiary trust company, means an office of the subsidiary trust company maintained for the purpose of conducting its business. 6. "Trust officer", when used in this article with respect to a trust company which is not a subsidiary trust company, means an office maintained solely for the purpose of conducting business relating to the exercise of its fiduciary powers.
Frequently Asked Questions About New York § 150
What does New York Consolidated Laws § 150 cover?
Section 150 ("150Definitions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 150?
A common citation format is "New York Consolidated Laws § 150" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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