Section 181. Exemptions of certain private bankers


Latest version.
  • 1. Every individual and
      partnership  conducting  the  business  of  a  private  banker  on  June
      thirtieth,  nineteen  hundred thirty-eight, pursuant to an authorization
      certificate issued by the  superintendent  may  thereafter  continue  to
      conduct such business under the authority of such existing authorization
      certificate.
        2.  Nothing  in this article shall be construed to render unlawful the
      continued ownership or holding by a private banker of  any  investments,
      loans,  or  other  real  or personal property lawfully acquired prior to
      June thirtieth, nineteen hundred thirty-eight.