ยง 319. Limitations upon the powers of safe deposit companies.
No safe deposit company shall:
1. Lend money, or make any advance, on any property left in its
possession, or belonging to others.
2. Open or maintain any branch offices, except as provided in section
three hundred and eighteen of this article.
Structure New York Laws
Article 8 - Safe Deposit Companies.
319 - Limitations Upon the Powers of Safe Deposit Companies.
321 - Change of Location; Change of Designation of Principal Office.
323 - Assessment of Stockholders to Make Good Impairment of Capital; Sale of Stock.
327 - Use of Sign or Words Indicating Safe Deposit Company by Unauthorized Persons Prohibited.
329 - Reports to Superintendent; Penalty for Failure to Make.
330 - Liability of Safe Deposit Company for Assessments by Superintendent.