US Laws, Codes, Statutes & Cases

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 32
                   TRUST INSTITUTIONS -- GENERAL PROVISIONS
    26-3206.  TRUST BUSINESS OF STATE TRUST INSTITUTION. (1) A state trust
institution may act as a fiduciary or otherwise engage in a trust business in
this or any other state or foreign country, subject to complying with
applicable laws of such state or foreign country, at an office established and
maintained pursuant to this act, at a branch or at any location other than an
office or branch.
    (2)  In addition, a state trust institution may conduct any activities at
any office outside this state that are permissible for a trust institution
chartered by the host state where the office is located, except to the extent
such activities are expressly prohibited by the laws of this state or by any
regulation or order of the director applicable to the state trust institution;
provided however, that the director may waive any such prohibition if the
director determines, by order or rule, that the involvement of out-of-state
offices of state trust institutions in particular activities would not
threaten the safety or soundness of such state trust institutions.