A bank acting as fiduciary shall have the same investment powers as an individual fiduciary under like circumstances.
Source: L. 2003: Entire article added with relocations, p. 1133, § 3, effective July 1.
Editor's note: This section is similar to former § 11-10-102 as it existed prior to 2003. 11-106-103. General fiduciary powers. Unless otherwise expressly provided by statute, a bank acting as a fiduciary shall have all of the rights, powers, privileges, and immunities and be subject to the same obligations and duties as an individual fiduciary under like circumstances.
Source: L. 2003: Entire article added with relocations, p. 1133, § 3, effective July 1.
Editor's note: This section is similar to former § 11-10-103 as it existed prior to 2003.