81-27-1 - 001. Title and purposes. - Mississippi Statutes

§ 81-27-1.001. Title and purposes.
 

(a)  Articles 1 and 2 of this chapter may be cited as the Multistate Trust Institutions Act. 

(b)  It is the express intent of Articles 1 and 2 of this chapter to permit banks and other depository institutions, foreign banks and trust companies to engage in the trust business on a multistate and international basis to the extent consistent with the safety and soundness of the trust institutions engaged in a trust business in this state and the protection of consumers, clients and other customers of such trust institutions. 
 

Sources: Laws,  1998, ch. 437, § 1, eff from and after July 1, 1998.