A savings bank may do any of the following:

1. (1) Take, accept, and execute a legal trust, duties, and powers in regard to:

   1. (A) the holding, management, sale, or disposition of property; and

   2. (B) the rents and profits from that property;

      that are granted or confided to the savings bank by any authority.

2. (2) Take, accept, and execute a trust and any powers that may be conferred upon the savings bank by any authority.
3. (3) Generally execute legal trusts of every description.

As added by P.L.42-1993, SEC.72.