Written plans; rights of participants
Sec. 3. Each common trust fund administered by such bank shall
be established and maintained in accordance with a written plan
approved by a resolution of its board of directors and by competent
legal counsel, which shall contain provisions not inconsistent with
said regulations as to the manner in which the fund is to be operated,
and define the rights of participants therein.
(Formerly: Acts 1949, c.70, s.3.)
Last modified: May 27, 2006