Section 26-3302 – BRANCHES AND OFFICES OF STATE TRUST INSTITUTIONS.
26-3302. BRANCHES AND OFFICES OF STATE TRUST INSTITUTIONS. (1) A state trust institution may act as a fiduciary and engage in a trust business at each trust office as permitted by this act, and at a branch in this state. (2) A state trust institution may not act as a fiduciary but may otherwise engage […]
Section 26-3303 – STATE TRUST COMPANY PRINCIPAL OFFICE.
26-3303. STATE TRUST COMPANY PRINCIPAL OFFICE. (1) Each state trust company must have and continuously maintain a principal office in this state. (2) Each executive officer at the principal office is an agent of the state trust company for service of process. (3) A state trust company may change its principal office to any location […]
Section 26-3304 – TRUST OFFICE — REPRESENTATIVE TRUST OFFICE.
26-3304. TRUST OFFICE — REPRESENTATIVE TRUST OFFICE. (1) A state trust institution may establish or acquire, and maintain, trust offices or representative trust offices anywhere in this state. A state trust institution desiring to establish or acquire, and maintain, such an office shall file a written notice with the director setting forth the name of […]
Section 26-3305 – OUT-OF-STATE OFFICES.
26-3305. OUT-OF-STATE OFFICES. (1) A state bank, a state trust company or a savings association chartered under the laws of this state may establish and maintain a new trust office or a representative trust office or acquire and maintain an office in a state other than this state. Such a trust institution desiring to establish […]
Section 26-3401 – TRUST BUSINESS AT A BRANCH OR TRUST OFFICE OR REPRESENTATIVE TRUST OFFICE.
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. […]
Section 26-3402 – ESTABLISHING OR ACQUIRING AN INTERSTATE TRUST OFFICE OR REPRESENTATIVE OFFICE.
26-3402. ESTABLISHING OR ACQUIRING AN INTERSTATE TRUST OFFICE OR REPRESENTATIVE OFFICE. (1) An out-of-state trust institution that does not operate a trust office in this state and that meets the requirements of this chapter may establish or acquire, and maintain, a trust office in this state. (2) An out-of-state trust institution may establish or acquire, […]
Section 26-3403 – REQUIREMENT OF NOTICE.
26-3403. REQUIREMENT OF NOTICE. An out-of-state trust institution desiring to establish and maintain a new trust office or acquire and maintain a trust office in this state pursuant to this chapter shall provide, or cause its home state regulator to provide, written notice of the proposed transaction to the director on or after the date […]
Section 26-3404 – CONDITIONS FOR APPROVAL.
26-3404. CONDITIONS FOR APPROVAL. (1) No trust office of an out-of-state trust institution may be acquired or established in this state under this chapter unless: (a) The out-of-state trust institution shall have confirmed in writing to the director that for as long as it maintains a trust office in this state, it will comply with […]
Section 26-3405 – REGISTRATION OF REPRESENTATIVE TRUST OFFICE.
26-3405. REGISTRATION OF REPRESENTATIVE TRUST OFFICE. (1) An out-of-state trust institution may establish or acquire and maintain a representative trust office in this state. An out-of-state trust institution not maintaining a trust office in this state and desiring to establish or acquire, and maintain a representative trust office shall file a notice with the director […]
Section 26-3406 – ADDITIONAL TRUST OFFICES.
26-3406. ADDITIONAL TRUST OFFICES. An out-of-state trust institution that maintains a trust office in this state under this chapter may establish or acquire additional trust offices or representative trust offices in this state to the same extent that a state trust institution may establish or acquire additional offices in this state pursuant to the procedures […]