Separation of fiduciary funds.

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A trust company shall keep fiduciary funds and investments separate and apart from its own assets. All investments made as a fiduciary shall be so designated so that fiduciary funds may be clearly identified.

Source: L. 2003: Entire article added with relocations, p. 1205, § 3, effective July 1.

Editor's note: This section is similar to former § 11-23-112 as it existed prior to 2003.


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