1. Every banking institution, which for the purposes of this section means a bank,
trust company, savings bank, savings and loan association, licensed foreign bank or
credit union, which shall hold accounts by depositors in such depositor's own name
and, further, in trust for a third party beneficiary or beneficiaries, shall make
a written record of the address of any such beneficiary or beneficiaries at the time
a trust account is established.
2. The superintendent shall enforce the provisions of this section by appropriate
rules, regulations and orders.
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