Section 390:17 Segregation.
Any trust company or national bank exercising any of the powers enumerated herein shall segregate all assets held in a fiduciary capacity from its other assets, conducting such fiduciary business as a separate department, to be known as its trust department. It shall keep a separate set of books and records showing in detail all transactions engaged in under the authority of this subdivision, in such form as the commissioner approves.
Source. 1919, 121:2. PL 264:17. RL 312:17.