Chapter 203A

Section 1. Any individual, corporation or association qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself as fiduciary or to itself and others, as co-fiduciaries; and may, as such fiduciary or co-fiducia…

Section 1A. Any national banking association or foreign corporation either alone or in conjunction with one or more other persons acting with it in a fiduciary capacity having qualified as fiduciary in this state pursuant to the provisions of section forty-three of chapter one hu…

Section 2. If the individual, corporation or association maintaining a common trust fund holds property as a fiduciary together with a co-fiduciary or co-fiduciaries, investment of such property in participations in a common trust fund may be made only with the written consent of…

Section 3. An account of the administration of each common trust fund shall be prepared annually and shall be audited by an independent certified public accountant and a copy of the account and the audit report shall be made available to any interested party upon written request,…

Section 4. This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.

Section 5. This chapter may be cited as the Uniform Common Trust Fund Act.

Section 6. If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect the other provisions or applications of the chapter which can be given effect without the invalid provision or application, and …