Trust business

A state trust company or a state bank may: (1) Perform any act as a fiduciary; (2) Engage in any trust business; (3) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this chapter; and (4) If a state trust company, exercise any other power authorized by § 23-51-104 . Acts 1997, No. 940, § 70. A state trust company or a state bank may: (1) Perform any act as a fiduciary; (2) Engage in any trust business; (3) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this chapter; and (4) If a state trust company, exercise any other power authorized by § 23-51-104 . Acts 1997, No. 940, § 70.