Effective: January 1, 1997
Latest Legislation: House Bill 538 - 121st General Assembly
(A) Any court in this state may direct moneys or property that are under its control, paid into court by parties to legal proceedings, or brought into court by reason of an order, judgment, or decree, to be placed with a trust company for safekeeping.
(B) Any court in this state may appoint a trust company to act as executor, administrator, assignee, guardian, receiver, or trustee, or in any other fiduciary capacity, for any estate or property of any kind.
(C) No trust company shall be required by a court to assume or execute any trust the trust company has not consented to assume or execute.