PURPOSES OF THE ACT

26-3202. PURPOSES OF THE ACT. The purposes of this act are to permit: (1) State banks and state trust companies to engage in the trust business in this state; and (2) Banks and other depository institutions, foreign banks and trust companies to engage in the trust business on a multistate and international basis to the extent consistent with the safety and soundness of the trust institutions engaged in a trust business in this state and the protection of consumers, clients and other customers of such trust institutions.