Section 19-4-41 – Deposit of Treasury Securities in Federal Reserve Banks Authorized; Transfer of Ownership, etc., of Securities; Maintenance of Records as to Fiduciary Accounts; Rules and Regulations Governing Banks; Certification of Securities Deposited for Fiduciary Accounts.
Section 19-4-41 Deposit of treasury securities in federal reserve banks authorized; transfer of ownership, etc., of securities; maintenance of records as to fiduciary accounts; rules and regulations governing banks; certification of securities deposited for fiduciary accounts. (a) Notwithstanding any other provision of law to the contrary, any bank holding treasury securities as a fiduciary, as […]
Section 19-4-42 – Applicability of Provisions of Article.
Section 19-4-42 Applicability of provisions of article. This article shall apply to all fiduciary accounts now in existence or hereafter established regardless of the date of the governing instrument or court order under which the bank is acting. (Acts 1976, No. 625, p. 858, §3.)
Section 19-4-40 – Definitions.
Section 19-4-40 Definitions. When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) FIDUCIARY. An administrator, an administrator with the will annexed, an administrator de bonis non, an executor, a trustee, a guardian, a conservator, an agent or a custodian. (2) FIDUCIARY […]