6-383

6-383. Identification and segregation of
fiduciary assets

Except as may be otherwise provided by law or by the writing creating the trust, a
bank holding any asset as a fiduciary shall segregate all such assets from the general
assets of the bank and shall maintain such safekeeping methods and records that the
assets of each trust may be readily identified and distinguished from the assets of any
other trust. Trust assets may be held in the name of nominees of the bank whether the
bank is the sole fiduciary or acting with others, but the bank shall be responsible for
the acts of any such nominee.