- (a) Any state bank that has been granted the right to exercise fiduciary powers and that desires to surrender such right shall file with the Bank Commissioner a certified copy of the resolution of its board of directors signifying such desire.
(b) Upon receipt of such resolution, the commissioner shall:
- (1) Make an investigation; and
- (2) If satisfied that the bank has been discharged from all fiduciary duties which it has undertaken, issue a certificate to such bank certifying that it is no longer authorized to exercise fiduciary powers.