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2013 Mississippi Code
Title 81 - BANKS AND FINANCIAL INSTITUTIONS
Chapter 27 - MULTISTATE, STATE AND LIMITED LIABILITY TRUST INSTITUTIONS
Article 2 - TRUST INSTITUTION OFFICES
A STATE TRUST INSTITUTION OFFICES
§ 81-27-2.001 - Trust business


MS Code § 81-27-2.001 (2013) What's This?

A state trust company or a state bank may:

(a) Perform any act as a fiduciary;

(b) Engage in any trust business;

(c) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this chapter; and

(d) If a state trust company, exercise any other power authorized by Section 81-27-4.101.

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