# N.Y. BNK Law § 234-B: Trust powers

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-B

## Section

- **Citation:** N.Y. BNK Law § 234-B
- **Heading:** Trust powers
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act BNK / Article 6 / Section 234-B

## Text

§ 234-b. Trust powers. 1. The superintendent of financial services is\nauthorized and empowered to grant permission to a savings bank to\nexercise any or all of the powers specified in sections one hundred, one\nhundred-a, one hundred-b and one hundred-c of this chapter. In passing\nupon applications for permission to exercise any such powers, the\nsuperintendent of financial services may take into consideration the\namount of surplus of the applying savings bank, whether or not such\nsurplus is sufficient under the circumstances of the case, the needs of\nthe community to be served and any other facts and circumstances that\nseem to it proper, and may grant or refuse it permission accordingly.\n 2. Whenever the laws of this state require a trust company acting in a\nfiduciary capacity to deposit securities with the state authorities for\nthe protection of private or court trusts, a savings bank, so acting, is\nempowered to make similar deposits of securities.\n 4. The superintendent of financial services is authorized to\npromulgate such regulations as he or she may deem necessary or proper to\nimplement the provisions of this section and the proper exercise of the\npowers granted by this section.\n

## Nearby sections

- [N.Y. BNK Law § 229 Application](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S229.md)
- [N.Y. BNK Law § 230 Incorporation; organization certificate](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S230.md)
- [N.Y. BNK Law § 232 Organization certificate to be submitted to superintendent; proof of publication and service of notice of intention](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S232.md)
- [N.Y. BNK Law § 233 When corporate existence begins; conditions precedent to commencing business](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S233.md)
- [N.Y. BNK Law § 234 General powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234.md)
- [N.Y. BNK Law § 234-A Settlement, modification or readjustment of investment](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-A.md)
- [N.Y. BNK Law § 234-B Trust powers](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-B.md)
- [N.Y. BNK Law § 235 Investment of funds](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235.md)
- [N.Y. BNK Law § 235-B Effect of usury](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235-B.md)
- [N.Y. BNK Law § 235-C Regulation of certain charges](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235-C.md)
- [N.Y. BNK Law § 235-D Service corporations owned by savings banks; authorized activities of such corporations; investment therein](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S235-D.md)
- [N.Y. BNK Law § 236 Deposits by savings banks with other banking corporations and private bankers; restrictions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S236.md)
- [N.Y. BNK Law § 237 Deposits with savings banks; restrictions](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S237.md)
- [N.Y. BNK Law § 238 Regulations and restrictions as to repayment of deposits](https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S238.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_ABNK_A6_S234-B. Check the current official text before relying on it. Not legal advice.