N.Y. Banking Law 332 – Definitions
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§ 332. Definitions. As used in this article, the following terms have the following meanings:
Terms Used In N.Y. Banking Law 332
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- lessor: means a banking organization, foreign banking corporation or a national banking association authorized to engage in the safe deposit business. See N.Y. Banking Law 332
- safe deposit box: means a vault, safe deposit box or other receptacle. See N.Y. Banking Law 332
1. Lessor. The term, "lessor" means a banking organization, foreign banking corporation or a national banking association authorized to engage in the safe deposit business.
2. Safe deposit box. The term, "safe deposit box" means a vault, safe deposit box or other receptacle.