§ 81-27-4.301. Private trust company
A private trust company engaging in the trust business in this state shall comply with each and every provision of this chapter applicable to a trust company unless expressly exempted therefrom in writing by the commissioner pursuant to this section, by rule or regulation adopted by the commissioner or under a predecessor statute. A private […]
§ 81-27-4.302. Requirements to apply for and maintain status as a private trust company
Application. A private trust company requesting an exemption from the provisions of this chapter pursuant to Section 81-27-4.301 shall file an application with the commissioner containing the following: The commissioner shall not approve a private trust company exemption unless the application is completed as required in paragraph (1) of this subsection. The exempt private trust […]
§ 81-27-4.303. Conversion to public trust company
A private trust company may terminate its status as a private trust company and commence transacting business with the general public. A private trust company desiring to commence transacting business with the general public shall file a notice on a form prescribed by the commissioner, which shall set forth the name of the private trust […]