1. (a) A corporate fiduciary has the power to:

   1. (1) receive, upon terms and conditions prescribed by the corporate fiduciary not inconsistent with the provisions of this section, upon deposit for safekeeping, or in escrow:

      1. (A) money;
      2. (B) bonds;
      3. (C) mortgages;
      4. (D) jewelry;
      5. (E) plate;
      6. (F) stock;
      7. (G) securities and valuable papers of any kind; and
      8. (H) other personal property; and
   2. (2) rent or lease receptacles for the safe deposit of personal property.

2. (b) Neither a corporate fiduciary nor any of the assets of the corporate fiduciary are liable for:

   1. (1) the value of property received by the corporate fiduciary under this section; or
   2. (2) damages for the loss, theft, or misappropriation of the property.
3. (c) A corporate fiduciary may procure and carry a policy or policies of insurance for the benefit of the owners of property received by the corporate fiduciary under this section.

As added by P.L.262-1995, SEC.90.