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  • SECTION 9-M
    Return of checks
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  • ARTICLE 1
    Short Title; Definitions; Miscellaneous Provisions
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  • SECTION 9-O
    Mortgage loans; disclosure form
    • This entry was published on 2014-09-22
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    SECTION 9-N

    Trust accounts; address of beneficiary

    Banking (BNK) CHAPTER 2, ARTICLE 1

    § 9-n. Trust accounts; address of beneficiary. 1. Every banking
    institution, which for the purposes of this section means a bank, trust
    company, savings bank, savings and loan association, licensed foreign
    bank or credit union, which shall hold accounts by depositors in such
    depositor's own name and, further, in trust for a third party
    beneficiary or beneficiaries, shall make a written record of the address
    of any such beneficiary or beneficiaries at the time a trust account is
    established.

    2. The superintendent shall enforce the provisions of this section by
    appropriate rules, regulations and orders.