N.Y. Banking Law § 9-N

Current through 2024 NY Law Chapters 1-49, 52, and 61-117
Section 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.

N.Y. BankingLaw § 9-N