This bill amends provisions relating to trust business.
This bill:
- defines terms;
- reorganizes and renumbers the sections of Title 7, Chapter 5, Trust Business;
- exempts a person acting as a trust director from the definition of trust business;
- prohibits a person acting as a trust director from engaging in trust business;
- exempts from the definition of trust business an attorney or certified public accountant that engages in fiduciary services that are incident to the attorney's or certified public accountant's business; and
- makes technical changes.

Statutes affected:
Introduced: 7-1-401, 7-1-701, 7-5-11, 7-22-101, 16-15-102, 59-10-202, 75B-1-101, 75B-3-107