New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Legal Interpretations |
LI 1 Banks and Trust Companies |
Sec. 1.3. Trust company acting as agent of Department of Motor Vehicles
Latest version.
- The department was asked whether it would be permissible, under the New York State Banking Law, for a trust company to act as agent of the Department of Motor Vehicles for the purpose of issuing vehicle registration renewals.The department responded that, in its opinion, under section 100-1 of the Banking Law it would be permissible for trust companies to engage in such activities.DATED: January 31, 1969