N.Y. Banking Law § 150: Definitions

§ 150. Definitions. 1. "Subsidiary trust company", when used in this

article, means a trust company which is subject to the provisions of

this article.

2. "Bank holding company" and "subsidiary", when used in this article,

shall each have the same meaning specified in section one hundred

forty-one of this chapter.

3. "Owning bank holding company", when used in this article with

respect to a subsidiary trust company, means the bank holding company

which owns all of the outstanding voting stock of such subsidiary trust

company.

4. When used in this article, an "affiliated bank" or "affiliated

trust company" of a subsidiary trust company means any bank, trust

company, savings bank, savings and loan association, national bank,

federal savings bank, federal savings association, or out-of-state state

bank (as such term is defined in section two hundred twenty-two of this

chapter), or such other banking institution as the superintendent of

financial services may permit specifically or by general rule or

regulation, which is a subsidiary of the bank holding company which owns

such subsidiary trust company.

5. "Trust office", when used in this article with respect to a

subsidiary trust company, means an office of the subsidiary trust

company maintained for the purpose of conducting its business.

6. "Trust officer", when used in this article with respect to a trust

company which is not a subsidiary trust company, means an office

maintained solely for the purpose of conducting business relating to the

exercise of its fiduciary powers.