§ 155. Applicable laws and regulations.
113 words·~1 min read·
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§ 155. Applicable laws and regulations. To the extent not inconsistent
with provisions of this article, a subsidiary trust company shall be
subject to the laws of the state of New York generally applicable to
trust companies. Nothing in this article shall be deemed to affect in
any way the powers of the superintendent of financial services to adopt,
alter or amend rules and regulations with respect to trust companies,
provided that no such rule or regulation shall be applicable to a
subsidiary trust company to the extent it is inconsistent with, or
purports to limit the powers or rights of a subsidiary trust company
expressly granted by, the provisions of this article.