9-1606. Authority of consolidated bank or trust company to act as fiduciary.

9-1606

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES Article 16.--BANKING CODE; TRUST AUTHORITY

      9-1606.   Authority of consolidated bank or trust company to act as fiduciary. Upon and after the merger or consolidation of any bank or trust company as hereinbefore provided the successor bank or trust company upon acquiring trust authority shall be entitled to be appointed and to act as trustee, executor, administrator, conservator or any other fiduciary capacity to the same extent and with the same authority as the bank or trust company which it succeeds.

      History:   L. 1947, ch. 102, § 82; L. 1965, ch. 77, § 2; Jan. 1, 1966.