N.Y. Banking Law § 105-b: Trust offices

§ 105-b. Trust offices. 1. A trust company may establish or acquire

and maintain one or more trust offices anywhere in this state, or

outside the state of New York, either in the United States or in foreign

countries.

2. A trust company seeking to establish or acquire and maintain a

trust office shall submit a written notice to the superintendent

describing the proposed activities and such other information as the

superintendent shall request. The notice shall be accompanied by an

investigation fee as prescribed pursuant to section eighteen-a of this

chapter.

3. The trust office may commence operation thirty days after the

superintendent receives such notice, unless the superintendent notifies

the trust company in writing within such time period that the office may

not commence operation or that additional information or time is

required for the superintendent to consider such notice.

4. The superintendent may deny approval of the trust office if the

superintendent finds that the maintenance of such office would not be

consistent with the goals set forth in the declaration of policy

contained in section ten of this chapter.