55-4-15. Corporate trustee buying its own stock.
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/sd/title-55/chapter-55-4/55-4-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No corporate trustee, unless expressly authorized by the trust instrument, may purchase for a trust shares of its own stock, or its bonds, or other securities, or the stock, bonds, or other securities of an affiliate.