This bill amends provisions related to trust business.
This bill:
- defines terms;
- modifies the definition of "trust company" to remove a requirement that a corporation be continuously engaged in trust business since 1981 to qualify as a trust business;
- provides that a corporation offering accounts denominated in specie legal tender may qualify as a trust company in this state; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 7-5-1, 59-10-202