When approving a proposed state bank, or at any time subsequentthereto upon amendment of its articles of incorporation, the superintendent may authorize a state bank to act in a fiduciary capacity. In determining whether the superintendent shall authorize a state bank to act in a fiduciary capacity, the superintendent may consider any of the relevant criteria referredto in section 524.305, and other appropriate factsand circumstances. Inany fiduciary capacity in which a state bank may act pursuant to this section, it shall have allthe rights and duties which an individual has in such capacity under applicable law and under the terms upon which the state bank isdesignated toact insuch capacity. In authorizing a state bank to act ina fiduciarycapacity, the superintendent may limit such authorization to such capacities as the superintendent deems appropriate. [S13, §1889-g; SS15, §1889-d; C24, 27, 31, 35, 39, §9284, 9291; C46, 50, 54, 58, 62, 66, §532.1, 532.8; C71, 73, 75, 77, 79, 81, §524.1001]
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