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This entry was published on 2014-09-22
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SECTION 150
Definitions
Banking (BNK) CHAPTER 2, ARTICLE 3-B
§ 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.