US Lawyer Database

26-3301. TRUST BUSINESS. A state trust company or a state bank may:

(1) Perform any act as a fiduciary;

(2) Engage in any trust business;

(3) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this act.

History:

[26-3301, added 2000, ch. 288, sec. 9, p. 980.]