§7-201. Definitions; establishment of common trust funds 1. Definitions. As used in this Part, unless the context otherwise indicates, the following terms have the following meanings. A. “Common trust fund” means a trust or fund maintained by a bank or trust company exclusively for the collective investment or reinvestment of money contributed to the […]
§7-202. Court accountings Unless ordered by decree of the Superior Court, the bank or trust company operating common trust funds, referred to in this section as “the accountant,” is not required to render a court accounting with regard to the funds, but the accountant may by petition to the Superior Court or the probate court […]
§7-203. Application of Part This Part applies to fiduciary relationships in existence on September 1, 2019 or established after that date. [PL 2019, c. 417, Pt. B, §11 (AMD).] SECTION HISTORY PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §11 […]
