reglab/housing_qa huggingface dataset:
NY Banking L § 87 (2021)
2021 New York Laws BNK - Banking Article 2-C - Community Bank Deposit Program 87 - Deposits.

§  87.  Deposits.  1.  Notwithstanding  any  provisions  of law to the   contrary, the state comptroller and the  commissioner  of  taxation  and   finance  shall,  for  the purposes of administering moneys in accordance   with the provisions of sections ninety-eight-a and one hundred  five  of   the state finance law, give consideration to depositing funds into those   community  banking  institutions  which  are  deemed eligible to receive   deposits pursuant to section eighty-six of this article.2. The maximum amount of funds which the  state  comptroller  and  the   commissioner  of  taxation  and  finance  may deposit under this program   shall not exceed two hundred fifty million  dollars  each.  The  maximum   amount  of funds on deposit at a community banking institution shall not   exceed twenty million dollars.3. Notwithstanding any provision of law to the contrary, any  deposits   made  pursuant  to  this  article  shall  be made at rates, and for such   periods of time, as may be agreed to by the  state  comptroller  or  the   commissioner  of taxation and finance and the eligible community banking   institution.4. Any deposits made pursuant to this article may  be  secured  by  an   irrevocable letter of credit issued by a federal home loan bank.
NY Banking L § 94 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 94 - Change From Bank to Trust Company; From Trust Company to Bank.

§ 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.
NY Banking L § 96-A (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 96-A - Servicing of Mortgages by Banks.

§ 96-a.  Servicing of mortgages by banks. 1. Every bank shall, subject   to the restrictions and limitations contained in this article, have  the   power  to service mortgages, and the superintendent shall have the power   to prescribe, by specific or general regulation, the  extent  to  which,   and the conditions upon which, mortgages may be serviced.2.  No  bank  shall,  by  virtue  of  the provisions contained in this   section,  be  deemed  to  have  the  powers  defined  and  described  in   subdivision two of section one hundred of this article.3.  The  grant of powers to banks by or pursuant to this section shall   not be deemed to limit or  restrict  any  other  banking  organizations,   heretofore  or  hereafter  organized,  in  the  exercise of their lawful   powers.
NY Banking L § 96-B (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 96-B - Payroll Payment by Banks or Trust Companies.

§ 96-b.  Payroll  payment  by banks or trust companies. l.  Every bank   and trust company shall have the power to enter into contracts with  any   municipal  corporation,  school  district, district corporation, town or   county improvement district, public authority, or public corporation  to   receive  in  a single payment, for each pay period, the total payroll of   such corporations, districts or authorities  and  deposit  the  same  in   accordance  with  the  terms  of  such  contract,  which  shall  include   provision for deposits for withholding,  retirement  and  insurance,  if   any.2.  The  amount  due  each  employee shall be disbursed or credited in   accordance with the directions of each employee to  saving  or  checking   accounts, or loan or mortgage accounts within such bank or trust company   or  to a single account in another bank or trust company or savings bank   or savings and loan association or may be payable in cash or by check to   such employee.
NY Banking L § 96-C (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 96-C - Power to Act as Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust.

§ 96-c.  Power  to act as trustee under self-employed retirement trust   or individual retirement trust. Every bank without fiduciary powers may,   subject  to  any  regulations  and  restrictions   prescribed   by   the   superintendent  of financial services, act as trustee under a retirement   plan established pursuant to the  provisions  of  the  act  of  congress   entitled  "Self-employed Individuals Tax Retirement Act of 1962" as such   provisions may be amended from time to time,  and  under  an  individual   retirement  account  plan  established pursuant to the amendments to the   provisions of the Internal Revenue Code contained in the act of congress   entitled "Employee Retirement Income  Security  Act  of  1974"  as  such   provisions  may  be  amended  from  time  to  time,  provided  that  the   provisions of such retirement  or  individual  retirement  account  plan   require  the  funds of such trust to be invested exclusively in deposits   in banks, trust companies, savings banks, savings and loan  associations   or  federal  savings  and  loan associations whose principal offices are   located in this  state.  In  the  event  that  any  such  retirement  or   individual  retirement  account plan, which in the judgment of the bank,   constituted a qualified plan under the provisions of the applicable  act   of  congress  hereinabove  mentioned  and  the  regulations  promulgated   thereunder at the time the trust was established  and  accepted  by  the   bank  is  subsequently  determined  not  to  be such a qualified plan or   subsequently ceases to be such a qualified plan, in whole  or  in  part,   the  bank  may, nevertheless, continue to act as trustee of any deposits   theretofore made  under  such  plan  and  to  dispose  of  the  same  in   accordance  with  the  directions of the depositor and the beneficiaries   thereof. No bank, in respect to deposits made under this section,  shall   be required to segregate such deposits from other deposits of such bank,   provided,  however, that the bank shall keep appropriate records showing   in proper detail all transactions engaged in under the authority of this   section.
NY Banking L § 98-A (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 98-A - Club Accounts.

§ 98-a.  Club  accounts.  1.  No  contract under which a bank or trust   company agrees to repay deposits of fixed sums made at regular intervals   at a given time with all interest or dividends credited thereon,  or  to   repay  said  deposits when, together with interest or dividends credited   thereon,  they  shall  equal  a  specified  sum,  may  provide  for  any   forfeiture  of  the sums deposited in the event of the discontinuance of   the regular  payments.  Interest  or  dividends  on  club  accounts,  if   offered,  must  be  credited at least quarterly and may not be forfeited   once credited, in the event of the discontinuance of regular payments.2. Any bank which provides for deposits in club accounts shall, in all   advertising, announcements or brochures  pertaining  to  such  accounts,   state  whether  or  not  interest  or dividends are paid thereon and, if   interest or dividends are paid, shall state the rate or form of interest   or dividends so paid in accordance with any rules and  regulations  that   may be prescribed by the superintendent.
NY Banking L § 100 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 100 - Fiduciary Powers.

§ 100. Fiduciary  powers.  Every  trust company shall have, subject to the  restrictions  and  limitations  contained  in  this  chapter,   the following powers:   1.  To  act  as the fiscal or transfer agent of the United States, any state, municipality, body politic or corporation; and in  such  capacity to  receive  and  disburse  money, to transfer, register and countersign certificates of stock, bonds or other evidences of indebtedness or other securities, and to act as attorney in fact or agent  of  any  person  or corporation, foreign or domestic, for any lawful purpose.   2.  To  act  as  trustee  under  any  mortgage  or bonds issued by any municipality, body politic or  corporation,  foreign  or  domestic,  and accept and execute any other municipal or corporate trust not prohibited by the laws of this state.   3.  To  be  appointed and to act under the order or appointment of any court of competent jurisdiction:  (a) As guardian, receiver, trustee, committee or  conservator  of  the estate  of any minor, person with a mental disability, or conservatee or in any other fiduciary capacity;  (b) As receiver, trustee, or committee of the property  or  estate  of any person in insolvency or bankruptcy proceedings.   4.  To  be  appointed  and to accept the appointment of executor or of trustee under the last will  and  testament  or  administrator  with  or without the will annexed of the estate of any deceased person.   5.  To  take,  accept  and execute any and all such trusts, duties and powers of whatever nature or description as may  be  conferred  upon  or entrusted  or  committed  to  it  by  any person or persons, or any body politic, corporation, domestic or foreign, or other authority by  grant, assignment,  transfer,  devise,  bequest  or  otherwise, or which may be entrusted or committed or transferred to it or vested in it by order  of any  court  of competent jurisdiction, or any surrogate, and to receive, take, manage, hold and dispose of according to the terms of such  trust, duty  or  power,  any property or estate, real or personal, which may be the subject of any such trust, duty or power.   Provided that no trust company shall have any right or power  to  make any contract, or to accept or execute any trust whatever, which it would not be lawful for any individual to make, accept or execute.
NY Banking L § 100-D (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 100-D - Foreign Common Trust Funds.

§ 100-d.  Foreign common trust funds. Any banking corporation or trust   company incorporated under the laws of another state which is  qualified   to  act  as  executor  or testamentary trustee in this state pursuant to   subdivision three of section one hundred thirty-one of the  banking  law   may, when acting in either such capacity, invest any moneys received and   held  by it in such capacity, either alone or in conjunction with one or   more other persons acting with it in such capacity, in any common  trust   fund  or funds maintained by it in accordance with the laws of the state   of its incorporation; provided that the will under which  it  is  acting   does  not  specifically prohibit such investment and that the will under   which it is acting shall authorize the investment of such moneys in  any   of  the  following;  (a)  in  such  a  common  trust  fund;  (b) in such   investments as such fiduciary or fiduciaries under such will may  select   in  the  discretion  of  such fiduciary or fiduciaries; (c) generally in   investments other than those in which trustees are by law authorized  to   invest  trust  funds; and provided that any banking corporation or trust   company incorporated under the laws of this state is  permitted  by  the   laws  of  the state of incorporation of such foreign banking corporation   or trust company, when acting in  similar  fiduciary  capacity  in  that   state,  to invest any moneys received and held by it in such capacity in   any common trust fund or funds maintained by it in accordance  with  the   laws of this state.
NY Banking L § 101 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 101 - Additional Powers of Certain Trust Companies.

§ 101.  Additional  powers  of  certain  trust  companies. Every trust   company which at the time this act takes effect lawfully  possesses  and   exercises  the  power,  for  hire,  to examine titles to real estate, to   procure and furnish information in relation thereto, and to guarantee or   insure the title to real estate to  persons  interested,  in  such  real   estate  or  in  mortgages  thereon, against loss, by reason of defective   title or other encumbrances of or upon, such real estate, shall continue   to possess such power, but no other trust company shall  hereafter  have   or exercise such power.
NY Banking L § 102 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 102 - Powers of Specially Chartered Trust Companies.

§ 102.  Powers  of  specially  chartered  trust companies. Every trust   company incorporated by a special law shall possess the powers of  trust   companies  incorporated  under this chapter and shall be subject to such   provisions of this chapter as are not inconsistent with the special laws   relating to such specially chartered company.
NY Banking L § 102-A (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 102-A - Limited Liability Trust Companies.

§  102-a.  Limited liability trust companies. 1. Trust companies which   (a) do not receive deposits from the general public and  (b)  have  been   exempted   by   the   superintendent  of  financial  services  from  the   requirements of section thirty-two of this chapter, may  be  formed  and   operated  as  limited  liability trust companies. Such limited liability   trust companies shall be formed in accordance  with,  shall  operate  in   compliance  with,  and shall meet all of the requirements of the limited   liability company law and this chapter, except that to  the  extent  any   provision  of  the  limited  liability company law shall be inconsistent   with the provisions of this chapter,  the  provisions  of  this  chapter   shall  govern; provided, however, that limited liability trust companies   shall not have perpetual existence.2. Notwithstanding any other provision  of  this  chapter,  a  limited   liability trust company shall dissolve and its affairs shall be wound up   upon  the occurrence of any event specified in section seven hundred one   of the limited liability company  law.  Upon  such  a  dissolution,  the   provisions of this chapter shall govern the winding up of the affairs of   the  limited liability trust company and the distribution of its assets.   Further, upon such a dissolution, if the members of a limited  liability   trust company wish to continue the existence of the company and meet the   requirements  of  section  seven  hundred  one  of the limited liability   company law, they shall apply for and may receive the  approval  of  the   superintendent  for new articles of organization and a new authorization   certificate.3. Trust companies which have been formed and are  operating  pursuant   to  this  article  and  article fifteen of this chapter on the effective   date of this section, and which meet the requirements of subdivision one   of this section,  may,  with  the  approval  of  the  superintendent  of   financial  services,  convert  into  limited  liability trust companies,   provided that they meet all of the other requirements of this chapter as   if they were newly formed companies.4. The superintendent is hereby authorized and empowered to make  such   general  rules  and  regulations  as  may  be  necessary  and  proper to   effectuate the provisions of this chapter relating to the formation  and   operation of limited liability trust companies.
NY Banking L § 105-A (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 105-A - Electronic Facilities.

§ 105-a.  Electronic facilities. A bank or trust company may conduct a   banking business, at automated teller machines, point-of-sale terminals,   and similar facilities subject to regulations which may  be  promulgated   by  the  superintendent of financial services. Such facilities shall not   be deemed to be branches  and  shall  not  be  subject  to  any  of  the   provisions of this chapter applicable to branches; provided however that   notwithstanding   the   foregoing,   for  purposes  of  clause  (ii)  of   subdivision one of section  one  hundred  five  of  this  chapter,  such   facilities  shall be deemed to be branches, and such facilities shall be   subject to the terms and conditions of section one hundred five, and for   purposes of section twenty-eight-b  of  this  chapter,  such  facilities   shall be deemed to be branches.
NY Banking L § 105-B (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 105-B - Trust Offices.

§  105-b.  Trust  offices. 1. A trust company may establish or acquire   and maintain one or more  trust  offices  anywhere  in  this  state,  or   outside the state of New York, either in the United States or in foreign   countries.2.  A  trust  company  seeking  to establish or acquire and maintain a   trust office  shall  submit  a  written  notice  to  the  superintendent   describing  the  proposed  activities  and such other information as the   superintendent shall request. The notice  shall  be  accompanied  by  an   investigation  fee  as prescribed pursuant to section eighteen-a of this   chapter.3. The trust office may  commence  operation  thirty  days  after  the   superintendent  receives such notice, unless the superintendent notifies   the trust company in writing within such time period that the office may   not commence  operation  or  that  additional  information  or  time  is   required for the superintendent to consider such notice.4.  The  superintendent  may  deny approval of the trust office if the   superintendent finds that the maintenance of such office  would  not  be   consistent  with  the  goals  set  forth  in  the  declaration of policy   contained in section ten of this chapter.
NY Banking L § 106 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 106 - Deposits by Banks and Trust Companies With Other Banking Corporations and Private Bankers; Restrictions.

§ 106.  Deposits  by  banks  and  trust  companies  with other banking   corporations and private bankers; restrictions.   1. No  bank  or  trust   company  shall  deposit  any  of  its  funds  with  any other foreign or   domestic banking corporation or private banker in  an  amount  exceeding   one  hundred per centum of the capital stock, surplus fund and undivided   profits of  such  bank  or  trust  company  unless  such  other  banking   corporation or private banker has been approved by the superintendent as   a  depositary  for the purpose of this section, in which case the amount   so deposited may equal but shall not  exceed  such  per  centum  of  the   capital  stock, surplus fund and undivided profits of such bank or trust   company as the superintendent shall approve.2. The restrictions contained in  this  section  shall  not  apply  to   deposits by any bank or trust company with a federal reserve bank.
NY Banking L § 107 (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 107 - Reserves Against Deposits.

§ 107.  Reserves  against  deposits.  1.  Every bank and trust company   shall maintain total reserves against its demand and  time  deposits  in   such  ratios  as  the  superintendent  of  financial  services  shall by   regulation impose. If the principal office or any branch of such bank or   trust company is located in a special requirement area, as designated in   or pursuant to subdivision two  of  this  section  said  bank  or  trust   company  shall maintain such additional reserves as may be prescribed by   the superintendent of financial services.2. The cities of Albany and Buffalo  and  the  boroughs  of  Brooklyn,   Manhattan  and  The  Bronx  are hereby designated as special requirement   areas. The superintendent of financial services may at any time  add  to   the  number  of  cities  or  boroughs  designated as special requirement   areas, or may terminate the designation of any city or borough as such.3. Any part of total reserves may be deposited, subject to call,  with   a  federal  reserve  bank  in  the  district in which such bank or trust   company is located, or with reserve depositaries, and  the  reserves  on   hand  not  so deposited shall consist of any form of currency authorized   by the laws of the United States. Any bank or trust company which is  or   shall  become a member of the federal reserve system shall maintain such   reserves with a federal reserve bank as are required by or  pursuant  to   the federal reserve act and so long as it complies with the requirements   of  such  federal reserve act with reference to reserves shall be exempt   from the preceding provisions of this section.4. If any bank or trust company  shall  fail  to  maintain  its  total   reserves  in  the  manner  prescribed and authorized by this section, it   shall be liable to, and shall pay any assessment or  assessments  levied   by  the superintendent pursuant to the provisions of article two of this   chapter.
NY Banking L § 107-A (2021)
2021 New York Laws BNK - Banking Article 3 - Banks and Trust Companies 107-A - Security for Public Deposits.

§ 107-a. Security for public deposits. 1. As used in this section, the following terms shall have the following meanings:  (a)  "Public  depositary".  A bank, trust company or other depositary, whether state or federally chartered,  authorized  to  accept  and  hold deposits of public funds under the laws of this state.  (b) "Public funds". Funds of a political subdivision.  (c)   "Political   subdivision".  Any  municipal  corporation,  school district,  board   of   cooperative   educational   services,   district corporation,  special  improvement district governed by a separate board of commissioners or a public library.  (d) "Public deposits". Deposits of public funds in a public depositary which are available for all  uses  generally  permitted  by  the  public depositary  to  the  depositing  political  subdivision for actually and finally collected funds under the public depositary's account  agreement or policies.   2.  Whenever  a  political  subdivision  is required by any general or special law to obtain a pledge of assets or other security from a public depositary for its public deposits and such  political  subdivision  has entered into a written agreement with such public depositary relating to such public deposits and has provided written notice in a form specified by  such  written  agreement  to  the  public  depositary of such public deposits, the public depositary shall comply with the provisions of such law at the time it  accepts  any  public  deposits  from  the  political subdivision;  provided,  however,  that  where the public depositary and political subdivision have agreed in writing as to the maximum amount of security which such depositary shall provide, and the terms,  conditions and  timing  of  the  provisions  of  security pursuant thereto, and the depositary has at all times complied with such agreement,  it  shall  be deemed  to  have complied with the provisions of such law for so long as it shall comply with such agreement.