§ 327. Use of sign or words indicating safe deposit company by\nunauthorized persons prohibited. 1. No entity, other than a duly\nchartered safe deposit company, shall make use of any office sign at the\nplace where such business is transacted having thereon any artificial or\ncorporate name, or other words indicating that such place or office is\nthe place of business or office of a safe deposit company; nor shall any\nsuch entity make use of or circulate any letterheads, billheads, blank\nforms, notes, receipts, certificates, circulars, or any written or\nprinted or partly written and partly printed paper whatever, having\nthereon any artificial or corporate name, or other word or words,\nindicating that such business is the business of a safe deposit company.\n 2. Nothing in this section shall be deemed to prevent any banking\norganization, foreign banking corporation duly licensed to maintain a\nbranch in the state, national bank, federal savings and loan association\nor federal savings bank from engaging in the safe deposit business in\nthis state.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.