§ 23-51-127 - Engaging in commerce prohibited.
23-51-127. Engaging in commerce prohibited.
Except as otherwise provided by this chapter or regulations adopted under this chapter, a state trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not part of the state trust business, except as necessary to fulfil a fiduciary obligation to a client.