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Code · New York · Banking · Safe Deposit Companies

§ 319. Limitations upon the powers of safe deposit companies.

52 words·~1 min read·/ny/banking/safe-deposit-companies/319·

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§ 319. Limitations upon the powers of safe deposit companies.
No safe deposit company shall:
1. Lend money, or make any advance, on any property left in its
possession, or belonging to others.
2. Open or maintain any branch offices, except as provided in section
three hundred and eighteen of this article.
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