§ 6-1710. Authority to operate trust business.  


Latest version.
  • A state trust company or a state bank may:

    1.  Perform any act as a fiduciary;

    2.  Engage in any trust business; and

    3.  Exercise any incidental power that is necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this act.

Added by Laws 1998, c. 104, § 10, eff. Nov. 1, 1998.