Trust Business Modifications

Summary

The bill reorganizes and renumbers parts of the state’s trust business code, clarifies fee schedules for banks, credit unions, trust companies and other regulated entities, and sets rules on how those entities may represent themselves in business names and advertising. It mainly affects depository institutions, trust departments, credit unions, trust companies and other persons under the department’s jurisdiction. The changes aim to streamline the code and ensure consistent fee assessments.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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