51A-5 TRUST BUSINESS OF BANKS
CHAPTER 51A-5
TRUST BUSINESS OF BANKS
51A-5-1
Use of "trust" in name restricted--Exercise of trust powers restricted--Misdemeanor.
51A-5-1.1
Powers of banks engaging in trust business.
51A-5-1.2
"Trust business" defined.
51A-5-2
Bank as trustee or custodian for retirement benefit plans.
51A-5-3
Fiduciary authority of bank authorized by charter to exercise trust powers.
51A-5-4
Deposit required to do trust business--Amount and form of deposit--Disposition of
income.
51A-5-5
Deposit available for satisfaction of claims upon liquidation, abandonment of trust
powers, or resignation from fiduciary positions.
51A-5-6
National banks' authority to engage in trust business--Examination of trust business--Acceptance of federal examination.
51A-5-7
Foreign bank or trust company to comply with requirements to act as fiduciary in
state--Violation as misdemeanor.
51A-5-8
Reciprocal privileges extended to foreign bank or trust company acting as fiduciary.
51A-5-9
Filing with Office of the Secretary of State by foreign bank or trust company acting
as fiduciary--Designation as agent to receive process--Service of process.
51A-5-10
Establishment of place of business not permitted or prohibited by filing requirements.
51A-5-11
Investment powers of trust company.
51A-5-12
Voting of bank shares by cotrustee.
51A-5-13
Segregation of assets held by bank as fiduciary.
51A-5-14
Deposit of federally guaranteed securities with federal reserve bank.
51A-5-15
Records of depositor to show ownership of securities--Transfers by book entries.
51A-5-16
Duty of custodian to certify deposited securities to fiduciary--Duty of fiduciary.
51A-5-17
Application of provisions to fiduciaries and custodians whenever appointed.
51A-5-18
Repealed.
51A-5-19
Oath or bond not required of bank to qualify as fiduciary.
51A-5-20
Nominees used by bank acting as fiduciary or cofiduciary.
51A-5-21
Deposit in clearing corporation of securities held as fiduciary or custodian.
51A-5-22
Ownership of stock in clearing corporation not required for deposit of securities by
fiduciary or custodian.
51A-5-23
Holding in bulk of securities deposited in clearing corporation--Merger of
certificates.
51A-5-24
Records of securities deposited in clearing corporation--Transfer by book entry--Certification to interested party of securities held.
51A-5-25
Approval or ratification of acceptance or relinquishment of fiduciary accounts by
board of directors or committee.
51A-5-26
Supervision of investment of fiduciary funds by committee designated by board of
directors.
51A-5-27
Reports of committees designated to supervise fiduciary accounts.
51A-5-28
Trust service office defined.
51A-5-29
Trust service office--Approvals for establishment.
51A-5-30
Trust service office--Business allowed.
51A-5-31
Trust service office--Agreement between institutions--Filing--Notice--Contents--Substitution as fiduciary.
51A-5-32
Trust service office--Persons to whom notice required--Denial of substitution.
Title 51A