Section 13-5-604 - Requirements for chartered family trust company(a) A chartered family trust company shall maintain: (i) A physical office in this state where original or true copies, including electronic copies, of all material business records and accounts of the chartered family trust company may be accessed and readily available for examination by the commissioner; and(ii) A bank account with a state or nationally chartered bank or savings and loan association having a principal or branch office in this state.(b) The board of directors or managers of a chartered family trust company shall hold regular meetings not less than one (1) time each year. The commissioner may require a chartered family trust company to hold in-person or electronic meetings on a more frequent basis. A chartered family trust company shall maintain records of all proceedings.Amended by Laws 2021 , ch. 3, § 2, eff. 7/1/2021.Renumbered as 13-5-604 by Laws 2019 , ch. 13, § 4, eff. 7/1/2019.Added by Laws 2015 , ch. 84, § 1, eff. 7/1/2015.