81-27-2 - 001. Trust business. - Mississippi Statutes

§ 81-27-2.001. Trust business.
 

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. 
 

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