Any 5 or more state banks with trust powers, trust companies and national banks with trust powers located in this State are authorized to cause a mutual trust investment company to be organized and incorporated, subject to the approval of the superintendent and subject to such regulations as the superintendent may prescribe.

PL 1975, c. 500, §1 (NEW). RR 2025, c. 1, Pt. D, §43 (COR).