2.59.136    FOREIGN FIDUCIARY TRUST COMPANY

(1) A bank that seeks to act as a fiduciary foreign trust company shall provide a letter from the chartering authority in the state in which the foreign trust company maintains its principal office stating that the foreign trust company is in good standing in the chartering state and that banking or trust associations or corporations organized under the laws of this state or national banking associations that maintain their principal offices in this state are permitted to act as trustees, guardians, or conservators in the state in which the foreign trust company maintains its principal office. If there are any limitations on the ability of the foreign trust company to solicit or do business in the state of its principal office, the letter shall set forth any limitations in detail.

History: 32-1-1007, MCA; IMP, 32-1-1002, 32-1-1007, MCA; NEW, 2020 MAR p. 1698, Eff. 9/12/20.