New York Laws
Article 4 - Private Bankers.
171 - Repayment of Deposits Standing in the Names of Minors, Trustees or Joint Depositors; Repayment Where Adverse Claim Is Asserted; Interpleader in Certai

(b) The funds on deposit which are the subject of such an action may
remain with such private banker to the credit of the action until final
judgment therein, and be entitled to the same interest as other deposits
of the same class, and shall be paid by such private banker in
accordance with the final judgment of the court; or the deposit in
controversy may be paid into court to await the final determination of
the action, and when the deposit is so paid into court such private
banker shall be struck out as a party to the action, and its liability
for such deposit shall cease.
(c) The costs in all actions against a private banker to recover
deposits shall be in the discretion of the court, and may be charged
upon the fund affected by the action.
7. (a) A private banker need not recognize or give any effect to (1)
any claim to a deposit of cash, securities, or other property standing
on his books to the credit of, or held by him for the account of, any
corporation, firm or association in occupied territory, or (2) any
advice, statute, rule or regulation purporting to cancel or to give
notice of the cancellation of the authority of any person at the time
appearing on the books of such private banker as authorized to withdraw
or otherwise dispose of cash, securities, or other property of such
corporation, firm or association, unless such private banker is required
so to do by appropriate process procured against him in a court of
competent jurisdiction in the United States in a cause therein
instituted by or in the name of such corporation, firm or association,
or unless the person making such claim or giving such advice or invoking
such statute, rule or regulation, as the case may be, shall execute to
such private banker, in form and with sureties acceptable to him, a bond
indemnifying him from any and all liability, loss, damage, costs and
expenses for and on account of recognizing or giving any effect to such
claim, advice, statute, rule or regulation.
(b) For the purposes of this subdivision (1) the term "occupied
territory" shall mean territory occupied by a dominant authority
asserting governmental, military or police powers of any kind in such
territory, but not recognized by the United States as the de jure
government of such territory, and (2) the term "corporation, firm or
association in occupied territory" shall mean a corporation, firm or
association which has, or at any time has had, a place of business in
territory which has at any time been occupied territory.
(c) The foregoing provisions of this subdivision shall be effective
only in cases where (1) such claim or advice purports or appears to have
been sent from, or is reasonably believed to have been sent pursuant to
orders originating in, such occupied territory during the period of
occupation, or (2) such statute, rule or regulation appears to have
emanated from such dominant authority and purports to be or to have been
in force in such occupied territory during the period of occupation.
(d) The foregoing provisions of this subdivision shall apply to
claims, advices, statutes, rules or regulations made, given or invoked
either prior to, or on or subsequent to the effective date of this act.