9-2310. General powers. (a) Any fiduciary financial institution is hereby authorized to exercise by its board of directors or duly authorized officers or agents, subject to law, the following powers:

(1) To engage in fidfin transactions in accordance with K.S.A. 2021 Supp. 9-2311, and amendments thereto;

(2) to receive, retain and manage alternative asset custody accounts in accordance with K.S.A. 2021 Supp. 9-2313, and amendments thereto; and

(3) to engage in trust business as defined in K.S.A. 9-701, and amendments thereto.

History: L. 2021, ch. 80, § 10; July 1.