(a) Except as provided in this chapter, or as authorized under the instrument creating the relationship, a trust company may not invest trust assets in the stock or obligations of, or use trust assets to acquire property from, the trust company or any of the trust company's officers, directors, or employees. A trust company may not sell trust assets to the trust company or to any of the trust company's directors, officers, or employees.
(b) A trust company may not use material inside information in connection with a decision or recommendation to purchase or sell a security that is a trust asset.
Section: Previous 06.26.510 06.26.520 06.26.530 06.26.540 06.26.550 06.26.560 06.26.570 06.26.580 06.26.585 06.26.590 06.26.600 06.26.610 06.26.620 06.26.630 NextLast modified: November 15, 2016