TITLE 26

BANKS AND BANKING

CHAPTER 33

TRUST INSTITUTIONS — STATE TRUST INSTITUTION OFFICES

26-3301.  Trust business. A state trust company or a state bank may:

(1)  Perform any act as a fiduciary;

(2)  Engage in any trust business;

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

History:

[26-3301, added 2000, ch. 288, sec. 9, p. 980.]