In addition to its other powers, any bank that is authorized to exercise fiduciary powers shall, upon proper qualification under this code, have the power to act as a fiduciary in any capacity. It may also act as registrar, transfer agent, or attorney-in-fact and have the power to receive, manage, and apply sinking funds.
Source: L. 2003: Entire article added with relocations, p. 1133, § 3, effective July 1.
Editor's note: This section is similar to former § 11-10-104 as it existed prior to 2003.