§412:8-204  Agreement between trustcompanies and banks.  A trust company granted full trust powers maycontract by written agreement with any bank or national banking association tocarry on trust services in the bank's or national banking association's nameand for its account at one or more of the banking offices of a bank or nationalbanking association.  A bank may permit by written agreement any trust companyhaving its principal office in this State and exercising full trust powers tocarry on trust services at one or more of its banking offices but in the nameand for the account of the trust company.  Any agreement provided for in thissection, including any lease, or modification or extension thereof, shall notbe effective as to any trust company until and unless it is approved in writingby the commissioner.  The commissioner may approve or disapprove the agreementupon consideration of the sufficiency of the capital and surplus of the trustcompany and the bank, the need for trust services and other facts orcircumstances which the commissioner may deem appropriate. [L 1993, c 350, ptof §1]