Any one or more trust institutions may cause a fiduciary investment company or companies to be organized and incorporated, but no trust institution or foreign trust institution may own an interest in more than seven fiduciary investment companies. A fiduciary investment company shall not begin business, except to select an investment adviser, until it is approved by the department.
Section: 7-1-330 7-1-331 7-1-332 7-1-333 7-1-334 7-1-335 7-1-336 7-1-337 7-1-338 NextLast modified: October 14, 2016