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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 8
Safe Deposit Companies
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SECTION 320
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This entry was published on 2014-09-22
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SECTION 319
Limitations upon the powers of safe deposit companies
Banking (BNK) CHAPTER 2, ARTICLE 8
§ 319. Limitations upon the powers of safe deposit companies.

No safe deposit company shall:

1. Lend money, or make any advance, on any property left in its
possession, or belonging to others.

2. Open or maintain any branch offices, except as provided in section
three hundred and eighteen of this article.