7-5-4. Withdrawal from trust business.
Any trust company which desires to withdraw from and discontinue doing a trust business
shall furnish to the commissioner satisfactory evidence of its release and discharge from all the
obligations and trusts undertaken by it, and after the company has furnished that evidence the
commissioner shall revoke his certificate of authority to do a trust business previously issued to
that trust company, and thereafter that trust company shall not be permitted to use and shall not
use the word "trust" in its corporate name or in connection with its business, nor undertake the
administration of any trust business.
Amended by Chapter 6, 1982 General Session
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Last revised: Thursday, May 28, 2009