An out-of-state trust institution may engage in trust business in this State only if it (i) maintains a trust office in this State as permitted by this Subpart, (ii) was allowed to maintain a trust office in this State under laws, or rules or orders of the Commissioner in effect prior to the date of enactment of this Article, but only to the extent allowed and subject to all limitations and conditions imposed under those laws, rules, or orders, or (iii) is a depository institution that maintains a branch in this State. (2001-263, s. 1; 2005-269, s. 7.)
Sections: Previous 53-307 53-308 53-309 53-310 53-311 53-312 53-313 53-314 53-315 53-316 53-317 53-318 53-319 53-320 53-321 Next
Last modified: March 23, 2014