State Codes and Statutes
Statutes > Mississippi > Title-81 > 27 > 81-27-2§ 81-27-2.001. Trust business.
A state trust company or a state bank may:
(a) Perform any act as a fiduciary;
(b) Engage in any trust business;
(c) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this chapter; and
(d) If a state trust company, exercise any other power authorized by Section 81-27-4.101.
Sources: Laws, 1998, ch. 437, § 1, eff from and after July 1, 1998.
