1. (1) May exercise trust or fiduciary powers in the State; and
2. (2) Meets the qualifications under 12 U.S.C. § 1841(c)(2)(D).

An entity that controls, is controlled by, or is under common control with a trust company shall be jointly and severally liable for claims against the trust company when the trust company is acting as a trustee of bond indentures or similar debt issuances, if the trust company:

Added by Acts 1993, c. 440, § 1, eff. Oct. 1, 1993.