Section 23-51-170 - Trust businessA state trust company or a state bank may:
(1) Perform any act as a fiduciary;(2) Engage in any trust business;(3) Exercise any incidental power that is reasonably necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this chapter; and(4) If a state trust company, exercise any other power authorized by § 23-51-104.Acts 1997, No. 940, § 70.