If the transaction is fair to both trusts and if the transaction is not prohibited by the instruments creating the trustee relationship, a corporate trustee may sell to itself as trustee of a trust the following held by the corporate trustee as trustee for another trust:
(1) stocks, bonds, and other securities listed on a securities exchange supervised by the United States Securities and Exchange Commission; and
(2) obligations of the United States treasury and obligations of United States government agencies.
Section: Previous 13.36.125 13.36.130 13.36.135 13.36.140 13.36.145 13.36.150 13.36.153 13.36.155 13.36.157 13.36.158 13.36.159 13.36.160 13.36.165 13.36.169 13.36.170 NextLast modified: November 15, 2016