New York Laws
Article 3 - Banks and Trust Companies
100 - Fiduciary Powers.

(a) As guardian, receiver, trustee, committee or conservator of the
estate of any minor, person with a mental disability, or conservatee or
in any other fiduciary capacity;
(b) As receiver, trustee, or committee of the property or estate of
any person in insolvency or bankruptcy proceedings.
4. To be appointed and to accept the appointment of executor or of
trustee under the last will and testament or administrator with or
without the will annexed of the estate of any deceased person.
5. To take, accept and execute any and all such trusts, duties and
powers of whatever nature or description as may be conferred upon or
entrusted or committed to it by any person or persons, or any body
politic, corporation, domestic or foreign, or other authority by grant,
assignment, transfer, devise, bequest or otherwise, or which may be
entrusted or committed or transferred to it or vested in it by order of
any court of competent jurisdiction, or any surrogate, and to receive,
take, manage, hold and dispose of according to the terms of such trust,
duty or power, any property or estate, real or personal, which may be
the subject of any such trust, duty or power.
Provided that no trust company shall have any right or power to make
any contract, or to accept or execute any trust whatever, which it would
not be lawful for any individual to make, accept or execute.

Structure New York Laws