§ 181. Exemptions of certain private bankers. 1. Every individual and
partnership conducting the business of a private banker on June
thirtieth, nineteen hundred thirty-eight, pursuant to an authorization
certificate issued by the superintendent may thereafter continue to
conduct such business under the authority of such existing authorization
certificate.

2. Nothing in this article shall be construed to render unlawful the
continued ownership or holding by a private banker of any investments,
loans, or other real or personal property lawfully acquired prior to
June thirtieth, nineteen hundred thirty-eight.