N.Y. Estates, Powers & Trusts Law § 8-1.6: Deposit of money in trust by owner of lots in private

§ 8-1.6 Deposit of money in trust by owner of lots in private

unincorporated cemetery

The owner of lots in any private unincorporated cemetery may deposit

in trust for the care of such lots a sum not exceeding four hundred

dollars for each lot so owned with any bank or banking institution

located in a city, town or village conveniently near such private

unincorporated cemetery, provided such bank or banking institution is

willing to accept such money in trust and agrees to apply the proceeds

of the interest thereon to the care and upkeep of such lots. Such banks

or banking institutions are hereby authorized to accept such money for

the purpose described herein and to apply the proceeds of the interest

thereon to the care and upkeep of any such lots. The provisions of this

section do not apply to savings banks.