Alex Bores’ Bills
A6266 · 2025–2026

Establishes requirements for the creation and operation of limited purpose trust companies

In committee Banks Committee
Consumer protection

Establishes the requirements for creating and operating a limited purpose trust company, including how an entity applies to operate as one. (Auto-generated summary)

Official record

Official summary · NYS Open LegislationEstablishes requirements for the creation and operation of limited purpose trust companies; establishes how to apply to operate as a limited purpose trust company.

What it does: AN ACT to amend the banking law and the financial services law, in relation to limited purpose trust companies

Legislative history

  1. 2025-02-28Assembly: REFERRED TO BANKS
  2. 2026-01-07Assembly: REFERRED TO BANKS