362.112. Bank or trust company may act as custodian, when.

Bank or trust company may act as custodian, when.

362.112. In addition to any other banking authority, a bank or trustcompany may act as a custodian for any entity, public or private, and placefunds in any other financial institutions, provided such funds are placedin deposits and insured by the Federal Deposit Insurance Corporation.

(L. 2004 S.B. 1093)