660.31 General trust business by trust companies and departments.
45 words·~1 min read·
/fl/title-xxxviii/chapter-660/660-31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The granting or issuance of a charter to a trust company and the granting of trust powers to a bank or association, with powers expressly restricted or otherwise limited to the conduct of less than a general trust business, are not authorized under this code.