Section 401. Application of Chapter
This chapter shall apply to, and the word "institution" in this chapter shall mean, a bank and trust company, an interstate bank which has fiduciary powers under its law of incorporation, a trust company and a savings bank that has fiduciary powers, except that section 407 shall apply only to a trust company. The powers conferred by this chapter on a bank and trust company or savings bank that has fiduciary powers shall be independent of, and shall not expand, the banking powers of such an institution.
(401 amended Oct. 24, 2012, P.L.1336, No.170)
Compiler's Note: See Act 167 of 1994 in the appendix to this act for special provisions relating to legislative findings and purposes, applicability and short title.