TITLE 26

BANKS AND BANKING

CHAPTER 34

TRUST INSTITUTIONS — OUT-OF-STATE TRUST INSTITUTION OFFICES

26-3401.  Trust business at a branch or trust office or representative trust office. (1) An out-of-state trust institution may act as a fiduciary in this state or engage in a trust business in this state if it maintains a trust office in this state as permitted by this chapter, or a branch in this state.

(2)  An out-of-state trust institution may not act as a fiduciary, but may otherwise engage in a trust business, at a representative trust office as permitted by this chapter.

History:

[26-3401, added 2000, ch. 288, sec. 10, p. 982.]