2005 Idaho Code - 68-701 — ESTABLISHMENT OF COMMON TRUST FUNDS

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 7
                        UNIFORM COMMON TRUST FUND ACT
    68-701.  ESTABLISHMENT OF COMMON TRUST FUNDS. (1) Any bank or trust
company, state or national, qualified to act as fiduciary in this state may
establish common trust funds for the purpose of furnishing investments to
itself as fiduciary, to an affiliated bank or trust company as fiduciary, or
to itself or an affiliated bank or trust company and others, as
co-fiduciaries; and may, as such fiduciary, affiliate of a fiduciary or
co-fiduciary, or co-fiduciary, invest funds which it lawfully holds for
investment in interests in such common trust funds administered by itself or
by any affiliated bank or trust company, if such investment is not prohibited
by the instrument, judgment, decree, or order creating such fiduciary
relationship, and if, in the case of co-fiduciaries, the bank or trust company
procures the consent of its co-fiduciaries to such investment.
    (2)  For purposes of this section, two (2) or more banks or trust
companies are affiliated if they are members of the same affiliated group,
within the meaning of section 1504 of the United States internal revenue code,
as amended, whether the affiliate's principal place of business is within or
without the state of Idaho.