Section 30B.64.010 - Private trusts and private trust companies exempt-Exception for change of control(1) A private trust or private trust company is exempt from the requirement of a certificate of authority or regulation under this title.(2) Notwithstanding subsection (1) of this section, a transfer or change of control of a private trust or private trust company to a person or persons other than family members constitutes unauthorized trust activity unless the resulting private trust company is a trust institution authorized to do business in this state.Added by 2014 c 37,§ 398, eff. 1/5/2015.