7-5-15 - Assets of trust company in possession of the commissioner.
7-5-15. Assets of trust company in possession of the commissioner.
With respect to a trust company in the possession of the commissioner under Chapter 2,notwithstanding any law to the contrary, the assets held by the trust company in a fiduciarycapacity as a part of its trust business, as defined in Section 7-5-1, are not subject to the claims ofany secured or unsecured creditor of the trust company.
Amended by Chapter 200, 1994 General Session