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Code · Connecticut · Title 36a — The Banking Law of Connecticut · CHAPTER 665b — Fiduciary Powers

Sec. 36a-397. (Formerly Sec. 36-251). Records. Deposit of funds.

110 words·~1 min read·/ct/title-36a/chapter-665b-fiduciary-powers/36a-397·

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All moneys, funds or other assets held in trust by such trustees shall, at all times, be so held as to disclose that they are held in trust, and all books and records pertaining thereto shall contain sufficient information to identify and separate the moneys, funds and assets of each trust from those of other trusts and from other assets held by such trustee. Any such trust funds that are temporarily uninvested or undistributed shall be deposited in the name of the trust or in the name of such person, firm or corporation as trustee in a bank or in such other depository as may be approved by the commissioner.
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