7-5-116. Assets of trust company in possession of the commissioner.
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Effective 5/6/2026
7-5-116. Assets of trust company in possession of the commissioner.
With respect to the assets of a trust company in the possession of the commissioner under Chapter 2, Possession of Depository Institution by Commissioner , notwithstanding any law to the contrary, the assets that the trust company holds in a fiduciary capacity as a part of the trust company's trust business are not subject to the claims of a secured or unsecured creditor of the trust company.
Renumbered and Amended by Chapter 112 , 2026 General Session