§ 327. Use of sign or words indicating safe deposit company by unauthorized persons prohibited.
171 words·~1 min read·
/ny/banking/safe-deposit-companies/327·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 327. Use of sign or words indicating safe deposit company by
unauthorized persons prohibited. 1. No entity, other than a duly
chartered safe deposit company, shall make use of any office sign at the
place where such business is transacted having thereon any artificial or
corporate name, or other words indicating that such place or office is
the place of business or office of a safe deposit company; nor shall any
such entity make use of or circulate any letterheads, billheads, blank
forms, notes, receipts, certificates, circulars, or any written or
printed or partly written and partly printed paper whatever, having
thereon any artificial or corporate name, or other word or words,
indicating that such business is the business of a safe deposit company.
2. Nothing in this section shall be deemed to prevent any banking
organization, foreign banking corporation duly licensed to maintain a
branch in the state, national bank, federal savings and loan association
or federal savings bank from engaging in the safe deposit business in
this state.