§ 3-510. Investment in fund

Latest version.

   A trust company, acting in a fiduciary capacity, may invest money in one or more common trust funds if:

   (1) The trust company holds the money for investment; and

   (2) The instrument or authorization that created the fiduciary relationship does not contain any terms inconsistent with this type of investment.

HISTORY: An. Code 1957, art. 11, § 62; 1980, ch. 33, § 2.

                    
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