Section R20-4-811. Investment of Trust Funds

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A.      A trust department or trust company shall invest trust funds according to:

1.        The governing instrument; and

2.        All applicable laws, including A.R.S. §§ 6-862, 14-7402, and 14-7601 through 14-7611.

B.       A trust department or trust company shall make any collective investment of trust funds exclusively under the terms of R20- 4-815.

Historical Note

Adopted effective June 30, 1977 (Supp. 77-3). R20-4-811 recodified from R4-4-811 (Supp. 95-1). Amended by final rulemaking at 6 A.A.R. 2471, effective June 8, 2000 (Supp. 00-2). Amended by final rulemaking at 8 A.A.R.

2718, effective June 6, 2002 (Supp. 02-2).

                    
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