N.Y. Banking Law § 318: Branch offices

§ 318. Branch offices. Any safe deposit company having a capital of

one hundred thousand dollars or more may, in accordance with the

provisions of article two of this chapter, be permitted to open and

maintain a branch office or branch offices in the city or village where

its principal office is located.

Any safe deposit company having a capital of one hundred thousand

dollars or more, the majority of stock of which is owned by any other

banking organization or a national bank may, in accordance with the

provisions of article two of this chapter, be permitted to open and

maintain a branch office at a location at which such banking

organization or national bank is maintaining a duly authorized branch

office.