New York Codes, Rules and Regulations
Title 3 - BANKING
Legal Interpretations
LI 1 - Banks and Trust Companies
Section LI 1.3 - Trust company acting as agent of department of motor vehicles
Universal Citation: 3 NY Comp Codes Rules and Regs ยง LI 1.3
Current through Register Vol. 46, No. 12, March 20, 2024
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
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