N.Y. Comp. Codes R. & Regs. tit. 3 § LI 1.3

Current through Register Vol. 46, No. 53, December 31, 2024

Section LI 1.3 - Trust company acting as agent of department of motor vehicles

The department was asked whether it would be permissible, under the New York State Banking Law, for a trust company to act as agent of the Department of Motor Vehicles for the purpose of issuing vehicle registration renewals.

The department responded that, in its opinion, under section 100-1 of the Banking Law it would be permissible for trust companies to engage in such activities.

DATED: January 31, 1969

N.Y. Comp. Codes R. & Regs. Tit. 3 § LI 1.3