Section 5-11A-2 Written approval of superintendent to conduct trust business.
Section 5-11A-2
Written approval of superintendent to conduct trust business.
No bank shall have the right to operate or conduct a trust department or become a trustee or a fiduciary without having received the prior written approval of the superintendent and otherwise complied with Section 5-11A-1, even though the certificate of incorporation of the bank might contain language covering such authority.
(Acts 1980, No. 80-658, §5-11-2.)