7-5-6. Confidentiality of communications and writings concerning trust -- Actions
to protect property or authorized under probate laws not precluded.
Any trust company exercising the powers and performing the duties described in this
chapter shall keep inviolate all communications and writings made to or by that trust company
relating to the existence, condition, management or administration of any agency or fiduciary
account confided to it and no creditor or stockholder of any such trust company shall be entitled
to disclosure or knowledge of any such communication or writing, except that the directors,
president, vice president, manager, treasurer, and trust officers, and any employees assigned to
work on the trust business, and the attorney or auditor employed by it shall be entitled to
knowledge of any such communication or writing and except that in any suit or proceeding
relating to the existence, condition, management or administration of the account, the court in
which the suit is pending may require disclosure of any such communication or writing. A trust
company is not, however, precluded from filing an action in court to protect trust account
property or as authorized under Title 75.
Amended by Chapter 6, 1982 General Session
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Last revised: Thursday, May 28, 2009