23 CAR § 320-1209
23 CAR § 320-1209. Trust policies
Length: 58 wordsOfficial source
All state banks exercising trust powers shall adopt a trust policy setting forth, at a minimum:
(1) Trust department investment practices, including investments in the obligations of the bank and its affiliates;
(2) Voting practices and procedures concerning the bank's stock and the stock of any affiliates of the bank; and
(3) Trust account administration policies and procedures.