Miss. Code § 81-27-6.208

Current through the 2024 Regular Session

Section 81-27-6.208 - Fiduciary responsibility

The board of a state trust company is responsible for the proper exercise of fiduciary powers by the state trust company and each matter pertinent to the exercise of fiduciary powers, including:

(1) The determination of policies;

(2) The investment and disposition of property held in a fiduciary capacity; and

(3) The direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.

Miss. Code § 81-27-6.208

Laws, 1998, ch. 437, § 1, eff. 7/1/1998.