Sec. 183.110. 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.
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