Identification and segregation of fiduciary assets;

investment and deposit of cash. A state bank holding any asset as a fiduciary shall: A. segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be permitted by the Uniform Common Trust Fund Act [46- 1-13 to 46-1-16 NMSA 1978] or by other provisions of law or by the writing creating the trust; and B. record such assets in a separate set of books maintained for fiduciary activities.