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This entry was published on 2014-09-22
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SECTION 94
Change from bank to trust company; from trust company to bank
Banking (BNK) CHAPTER 2, ARTICLE 3
§ 94. Change from bank to trust company; from trust company to bank.

A bank complying with the minimum capital stock requirements specified
in subdivision nine of section four thousand one of this chapter may
become a trust company by filing a certificate pursuant to subdivision
two of section eight thousand one of this chapter to provide that it
shall have the powers specified in section one hundred of this article.
A trust company may become a bank by filing a certificate pursuant to
subdivision two of section eight thousand one of this chapter to provide
that it shall not have the powers specified in section one hundred of
this article. Prior to or simultaneously with the filing of such
certificate, such trust company shall if its title contains the term
"trust company" file a certificate pursuant to subdivision two of
section eight thousand one of this chapter for the purpose of omitting
such term from its title.