Section 165. Segregation of investments; title to be taken in descriptive name

1. Every private banker shall  segregate  and  keep  separate  and  apart   from  all  other  property  and  assets  of  the  individual  or
  partnership all securities and property,  and  the  evidences  of  title
  thereto,  in which funds held by him as a private banker and the surplus
  used by him in his private banking  business  have  been  invested.  The
  phrase  "funds held by him as a private banker" shall for the purpose of
  this chapter mean such private banker's  permanent  capital  and  moneys
  received by him on deposit.
    2.  All  conveyances,  deeds,  mortgages,  assignments,  contracts and
  agreements received, taken, or entered into by any  private  banker,  in
  connection  with  his  banking  business,  shall  be received, taken, or
  entered into in the firm name if such private banker is a partnership or
  in the name of such private banker with the addition of the  descriptive
  name "private banker" if such private banker is not a partnership.