The commissioner of commerce may authorize trust companies organized under the laws of this state to engage in trust activity in which banks exercising trust powers subject to the jurisdiction of the federal government may be authorized to engage. The commissioner may not authorize trust companies to engage in an activity prohibited by the laws of this state.
1998 c 331 s 18
Structure Minnesota Statutes
Section 48A.01 — Organization Of A State Trust Company.
Section 48A.02 — Application For State Trust Company Charter.
Section 48A.03 — Capital And Surplus Requirements Of Trust Companies.
Section 48A.04 — Certain Trust Companies May Assume Powers Of State Banks.
Section 48A.05 — National Associations; Powers.
Section 48A.06 — Prohibited Dealings And Indebtedness.
Section 48A.07 — Trust Company Or Bank; Special Powers And Duties As Fiduciary.
Section 48A.08 — Incidental Investments, Powers, And Limitations.
Section 48A.10 — Substitution; Procedure.
Section 48A.11 — National Banks As Fiduciaries.
Section 48A.13 — State Trust Company Principal Office.
Section 48A.14 — State Trust Institutions; Representative Trust Offices.
Section 48A.15 — State Banks And Trust Companies; Trust Service Offices.
Section 48A.16 — Detached Facilities.
Section 48A.17 — Authority For Out-of-state Trust Offices; Prior Written Notice.
Section 48A.18 — Out-of-state Trust Institution Trust Offices.
Section 48A.19 — Out-of-state Trust Institution Representative Trust Offices.
Section 48A.20 — Supervision Of Out-of-state Trust Institutions.