Section 390:2 Prohibitions.
No trust company or similar corporation shall issue, sell, or negotiate its own bonds or mortgage securities, or its own choses in action secured by mortgage of real estate which are to be issued, sold, or negotiated as investments, nor guarantee the bonds, mortgage securities, or other choses in action of other persons or corporations issued, sold, or negotiated as investments, nor engage in the business of marine, fire, or life insurance, or fidelity, surety, accident, health, liability, credit, title, or other form of casualty insurance.
Source. 1911, 120:2. PL 264:2. RL 312:2.