TITLE 26

BANKS AND BANKING

CHAPTER 32

TRUST INSTITUTIONS — GENERAL PROVISIONS

26-3202.  Purposes of the act. The purposes of this act are to permit:

(1)  State banks and state trust companies to engage in the trust business in this state; and

(2)  Banks and other depository institutions, foreign banks and trust companies to engage in the trust business on a multistate and international basis to the extent consistent with the safety and soundness of the trust institutions engaged in a trust business in this state and the protection of consumers, clients and other customers of such trust institutions.

History:

[26-3202, added 2000, ch. 288, sec. 8, p. 975.]