N.Y. Banking Law § 317: General powers

§ 317. General powers. Every safe deposit company shall, subject to

the limitations and restrictions contained in this article, have the

power:

1. To receive upon deposit as bailee for storage, upon terms and

conditions to be prescribed by the safe deposit company, personal

property and papers of any kind.

2. To engage in the safe deposit business by renting vaults, safe

deposit boxes and other receptacles upon premises occupied by the safe

deposit company upon such terms and conditions as may be prescribed by

the safe deposit company.