6-384. Deposit of fiduciary funds
Cash held by a bank as fiduciary may be deposited to the credit of the bank as such
fiduciary on time or demand account with itself or with any other bank the deposits of
which are insured by the federal deposit insurance corporation. Unless otherwise
provided by the writing creating the trust, if such funds are deposited with itself the
bank shall secure such deposits with securities described in section 6-352, subsection A,
paragraph 2, or other security approved by the superintendent for the purpose, in the
amount of the deposit, subject to subsection C of section 6-245.
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