§ 53-159. Bank may act as fiduciary. - North Carolina Statutes

Article 14.

Banks Acting in aFiduciary Capacity.

Part 1.  General Provisions.

§ 53‑159.  Bank may actas fiduciary.

Any bank licensed by theCommissioner of Banks, where such powers or privileges are granted it in itscharter, may be guardian, trustee, assignee, receiver, executor oradministrator or act in another fiduciary capacity in this State without givingany bond; and the clerks of the superior courts, or other officers charged withthe duty or clothed with the power of making such appointments, are authorizedto appoint such bank to any such office. (1945, c. 743, s. 1; 2001‑263, s. 3.)