633.156 - DEPOSITS BY CORPORATE FIDUCIARIES.
633.156 DEPOSITS BY CORPORATE FIDUCIARIES. Section 633.155 shall not be construed to prohibit a corporate fiduciary from making a deposit of estate funds in its own banking department or in the banking department of an affiliated bank. For purposes of this section, "affiliated bank" means any bank that controls, directly or indirectly, the fiduciary or is controlled, directly or indirectly, by an entity which also controls, directly or indirectly, the fiduciary.
Section History: Early Form [C66, 71, 73, 75, 77, 79, 81, § 633.156]
Section History: Recent Form 95 Acts, ch 164, §1 Referred to in § 633.649