Laws of New York (Last Updated: November 21, 2014)

Section 101. Additional powers of certain trust companies

Latest version.

Every trust
  company which at the time this act takes effect lawfully  possesses  and
  exercises  the  power,  for  hire,  to examine titles to real estate, to
  procure and furnish information in relation thereto, and to guarantee or
  insure the title to real estate to  persons  interested,  in  such  real
  estate  or  in  mortgages  thereon, against loss, by reason of defective
  title or other encumbrances of or upon, such real estate, shall continue
  to possess such power, but no other trust company shall  hereafter  have
  or exercise such power.

                    
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