TITLE 26

BANKS AND BANKING

CHAPTER 35

TRUST INSTITUTIONS — STATE TRUST COMPANY ORGANIZATION — GENERAL PROVISIONS

26-3510.  Closing of trust unduly delayed. If, as a result of an examination, the director finds that the closing of any trust by a state trust company has been unreasonably delayed, the director may initiate proceedings in a court of competent jurisdiction to require the state trust institution to perform its duties in closing the trust.

History:

[26-3510, added 2000, ch. 288, sec. 11, p. 987.]