Section 58-1-19 - Identification and segregation of fiduciary assets; investment and deposit of cash. - New Mexico Statutes

58-1-19. Identification and segregation of fiduciary assets; investment and deposit of cash.

A state bank holding any asset as a fiduciary shall:   

A.     segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be permitted by the Uniform Common Trust Fund Act [46-1-13 NMSA 1978] or by other provisions of law or by the writing creating the trust; and   

B.     record such assets in a separate set of books maintained for fiduciary activities.