§ 23-51-170 - Trust business.
23-51-170. Trust business.
A state trust company or a state bank may:
(a) Perform any act as a fiduciary;
(b) Engage in any trust business;
(c) 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
(d) If a state trust company, exercise any other power authorized by 23-51-104.