Section 13.36.155. Permitted sales between trusts held by same corporate trustee.

Latest version.

If the transaction is fair to both trusts and if the transaction is not prohibited by the instruments creating the trustee relationship, a corporate trustee may sell to itself as trustee of a trust the following held by the corporate trustee as trustee for another trust:
        (1) stocks, bonds, and other securities listed on a securities exchange supervised by the United States Securities and Exchange Commission; and
        (2) obligations of the United States treasury and obligations of United States government agencies.

Notes

History

(Sec. 12 ch 105 SLA 1998)

                    
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