A state trust company or a state bank may:
1. Perform any act as a fiduciary;
2. Engage in any trust business; and
3. Exercise any incidental power that is necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this act.
Added by Laws 1998, c. 104, § 10, eff. Nov. 1, 1998.