524.1001 Power to act as fiduciary. When approving a proposed state bank, or at any time subsequent thereto upon amendment of its articles of incorporation, the superintendent may authorize a state bank to act in afiduciary capacity. In determining whether the superintendent shall authorize a state bankto act in a fiduciary capacity, the superintendent may consider any of the relevant criteriareferred to in section 524.305, and other appropriate facts and circumstances. In any fiduciarycapacity in which a state bank may act pursuant to this section, it shall have all the rights andduties which an individual has in such capacity under applicable law and under the termsupon which the state bank is designated to act in such capacity. In authorizing a state bank toact in a fiduciary capacity, the superintendent may limit such authorization to such capacitiesas the superintendent deems appropriate. [S13, §1889-g; SS15, §1889-d; C24, 27, 31, 35, 39, §9284, 9291; C46, 50, 54, 58, 62, 66, §532.1, 532.8; C71, 73, 75, 77, 79, 81, §524.1001] Referred to in §633.63 Sat Dec 23 01:19:01 2023 Iowa Code 2024, Section 524.1001 (22, 0)
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