Chapter 05 - Trust Business
- 7-5-1 - Definitions -- Allowable trust companies -- Exceptions.
- 7-5-2 - Permit required to engage in trust business -- Exceptions.
- 7-5-3 - Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company.
- 7-5-4 - Withdrawal from trust business.
- 7-5-5 - Revocation of trust authority -- Procedure.
- 7-5-6 - Confidentiality of communications and writings concerning trust -- Actions to protect property or authorized under probate laws not precluded.
- 7-5-7 - Management and investment of trust funds.
- 7-5-8 - Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.
- 7-5-9 - Registration of investment in name of nominee -- Records -- Possession of investment.
- 7-5-10 - Lending trust funds to trust company, officer, director, or employee as felony.
- 7-5-11 - Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.
- 7-5-12 - Directors' audit of trust business -- Report available to commissioner or examiners -- Examinations in lieu of audit.
- 7-5-13 - Collective investment funds.
- 7-5-14 - Mergers, consolidations, acquisitions, transfers, or reorganizations involving entities engaged in trust business -- Succession of rights and duties -- Petition for appointment of another tru
- 7-5-15 - Assets of trust company in possession of the commissioner.