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Current as of January 01, 2025 | Updated by Findlaw Staff
A state trust company or a state bank may:
(a) Perform any act as a fiduciary;
(b) Engage in any trust business;
(c) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this chapter; and
(d) If a state trust company, exercise any other power authorized by Section 81-27-4.101.
Cite this article: FindLaw.com - Mississippi Code Title 81. Banks and Financial Institutions § 81-27-2.001 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-81-banks-and-financial-institutions/ms-code-sect-81-27-2-001/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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