13-5-302. Naming convention; advertisement of trust company.
(a) Except as provided in subsection (b) of this section, no person or entity shall advertise, issue or circulate any paper or exhibit any sign, using the term "trust company" unless the person or entity has fully complied with this chapter and has qualified as a supervised trust company.
(b) No person or entity wishing to organize as a private family trust company shall use the term "trust company" in its name without further specifying in its name that the entity is a "private family trust company."
(c) Neither a private family trust company nor a chartered family trust company formed and doing business under the laws of this state or any other state shall advertise its services to the public.
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