Codified Laws

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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51A-5-18      Repealed.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.

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