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Part 1 - General Provisions
§ 11-109-101. Definitions - As used in this article, unless the context otherwise requires:...
§ 11-109-102. Use of Words "Trust" or "Trust Company" - Source: L. 2003: Entire article added with relocations, p. 1177,...
§ 11-109-103. Applicability of Powers of Banking Board and Bank Commissioner to Trust Companies - The powers, duties, and functions of the banking board and...
§ 11-109-104. Powers - Banking Board - Commissioner - Source: L. 2003: Entire article added with relocations, p. 1177,...
§ 11-109-105. No Private Right of Action - Except as expressly provided in this article, no person, other...
Part 2 - Powers
§ 11-109-201. Powers of Trust Companies - Source: L. 2003: Entire article added with relocations, p. 1180,...
§ 11-109-202. Offices of Trust Companies - Source: L. 2003: Entire article added with relocations, p. 1181,...
§ 11-109-203. Activities Not Requiring a Charter - Source: L. 2003: Entire article added with relocations, p. 1182,...
§ 11-109-204. Federal Deposit Insurance Required - Source: L. 2003: Entire article added with relocations, p. 1183,...
§ 11-109-205. Transactions With Affiliates - Source: L. 2003: Entire article added with relocations, p. 1183,...
§ 11-109-206. Trust Company Organized as a Limited Liability Company - Source: L. 2003: Entire section added, p. 1749, § 6,...
Part 3 - Charters
§ 11-109-301. Incorporators - Five or more individual incorporators desiring to organize a trust...
§ 11-109-302. Application Fee - Each application for charter shall be accompanied by an application...
§ 11-109-303. Assessments - Source: L. 2003: Entire article added with relocations, p. 1186,...
§ 11-109-304. Capital - Source: L. 2003: Entire article added with relocations, p. 1186,...
§ 11-109-305. Application for Charter - Source: L. 2003: Entire article added with relocations, p. 1186,...
§ 11-109-306. Procedure for Granting or Denying Charter - Source: L. 2003: Entire article added with relocations, p. 1187,...
Part 4 - Records, Reporting, and Information
§ 11-109-401. Acquisition of Majority Control Over an Existing Trust Company - Definitions - (I) That the person proposing to acquire control is qualified...
§ 11-109-402. Reports to the Banking Board and to the Commissioner - Source: L. 2003: Entire article added with relocations, p. 1190,...
Part 5 - Directors
§ 11-109-501. Directors' Meetings - Duties - Source: L. 2003: Entire article added with relocations, p. 1192,...
§ 11-109-502. Director and Officer Insurance and Fidelity Bonds - Legislative Declaration - Source: L. 2003: Entire article added with relocations, p. 1193,...
Part 6 - Offenses, Penalties, Removal, Suspension, and Enforcement
§ 11-109-601. Penalty for Noncompliance With the Law - [ Editor's note: This version of this section is effective...
§ 11-109-602. Assessment of Civil Money Penalties by Banking Board - Source: L. 2003: Entire article added with relocations, p. 1193,...
§ 11-109-603. No Indemnification or Insurance Against Civil Money Penalties - Notwithstanding any other provision of law, no trust company shall...
§ 11-109-604. Removal of Director, Officer, or Other Person - Source: L. 2003: Entire article added with relocations, p. 1194,...
§ 11-109-605. Suspension of Director, Officer, or Other Person - Source: L. 2003: Entire article added with relocations, p. 1196,...
§ 11-109-606. Informal Enforcement Authority - The banking board, or the commissioner if so authorized by...
§ 11-109-607. Receipt of Deposits While Insolvent - It is a criminal offense if a trust company receives...
Part 7 - Liquidation, Dissolution, and Emergency Charters
§ 11-109-701. Discontinuance of Trust Business - Voluntary Liquidation and Dissolution - Source: L. 2003: Entire article added with relocations, p. 1196,...
§ 11-109-702. Involuntary Liquidation - Source: L. 2003: Entire article added with relocations, p. 1198,...
§ 11-109-703. Emergency Grant of New Charter - In addition to powers regarding liquidation, the banking board may,...
§ 11-109-704. Liquidation by Commissioner - Procedure - Source: L. 2003: Entire article added with relocations, p. 1200,...
Part 8 - Appeals
§ 11-109-801. Appeals Procedure - Any trust company aggrieved and directly affected by an order...
§ 11-109-802. Injunctions - Appeals - Source: L. 2003: Entire article added with relocations, p. 1202,...
Part 9 - Trust Practices
§ 11-109-901. Reserves Against Deposits - Trust companies that are subject to reserve provisions of the...
§ 11-109-902. Investments - Source: L. 2003: Entire article added with relocations, p. 1203,...
§ 11-109-903. Substitution of Trust Companies - Trust companies created under this article may participate in the...
§ 11-109-904. Laws Governing Individuals Apply - A trust company in the exercise of its fiduciary powers...
§ 11-109-905. Separation of Fiduciary Funds - A trust company shall keep fiduciary funds and investments separate...
§ 11-109-906. Funds Awaiting Investment or Distribution - Funds held by a trust company in a fiduciary capacity...
§ 11-109-907. Extensions of Credit - Source: L. 2003: Entire article added with relocations, p. 1206,...