pany shall be entitled to and shall be allowed proper tion for all the services performed by them under the provisions of this act; but such compensation shall that allowed to natural persons for like services.

Deposits by order of court.

SEC. 91. Any court, having appointed and hav tion of any executor, administrator, guardian, assig depositary, or trustee, upon the application of s trustee, or upon the application of any person havi in the estate administered by such officer or truste to the other parties in interest as the court may d a hearing upon such application, may authorize trustee to deposit any moneys then in his hands come into his hands thereafter, and until the said court, with any such trust company; and such money, and its receipt and acceptance by pany, the said officer or trustee shall be dischar care or responsibility therefor. Such deposits only upon the orders of said court.

Public administrators, deposits by.

SEC. 92. It shall be lawful for any public deposit with any trust company having not dred thousand dollars paid-up capital, doin county, or city and county, in which he is act istrator, any and all moneys of any estate administering, not required for the curre administration; provided that such corporati state treasurer the securities required by this shall relieve the public administrator fr the county treasurer the moneys so deposite tion. Moneys so deposited by a public a drawn, upon the order of such administrat a judge of a superior court, when required administration, or otherwise.

Executors, etc., deposits by.

SEC. 93. Whenever, in the judgment of any jurisdiction of any estate in process of administr executor, administrator, guardian, assignee, receiver. or trustee, and after such notice to the parties in the court shall direct, and after a hearing on such app

United States, or municipal bonds of this state, or of any county, city, city and county, or school district thereof, to be registered in the name of said treasurer, officially, and all said securities to be subject to sale and transfer, and to the disposal of the proceeds by said treasurer, only on the order of a court of competent jurisdiction and as hereinafter provided. The state shall be responsible for the safe return of such securities deposited with the treasurer of the state under this section.

May mortgage realty to state treasurer.

SEC. 97. Any such trust company having a paid-up capital in excess of two hundred thousand dollars, may be permitted by the superintendent of banks to mortgage any improved and productive real estate owned by it, in excess of said amount, to the treasurer of state, for such sum as the said superintendent of banks may determine, and such mortgage may be deposited with said treasurer, and when so deposited it shall be included in the amount of securities hereinabove required to be deposited with said treasurer for the benefit of the creditors of said trust company.

Interest on state deposits-Liability of state.

SEC. 98. So long as the trust company so depositing shall continue solvent, it shall be permitted to receive from said treasurer the interest or dividends on said deposits, and whenever any trust company receives trust funds as such trustee in excess of five hundred thousand dollars, it shall deposit with the state treasurer securities mentioned in section 96 of this act, to be approved by the superintendent of banks, in the amount of another one hundred thousand dollars, and for each five hundred thousand dollars of such trust funds thereafter received, an additional deposit of fifty thousand dollars of such securities likewise approved shall be made with the said state treasurer; provided, however, that no trust company shall be required to deposit more than one million dollars of such securities.

The state shall be responsible for the safe return of such securities deposited with the treasurer of the state under this section.

Abstracts of titles, deposit of.

SEC. 99. When any part of such deposit with the state treasurer is made in bonds and mortgages, it shall be accompanied by full abstracts of title and searches, or by certificates of title

issued by a person, company or corporation, whose business or objects are to make searches of titles and issue certificates of titles, and which said person, company or corporation shall be one designated or approved by said superintendent of banks, and shall be examined and approved by or under the direction of the said superintendent of banks. The fees for an examination of title by counsel to be paid by the trust company making the deposit, shall not exceed twenty dollars for each mortgage, and the fee for each appraiser, not exceeding two, besides expenses, shall be five dollars for each mortgage.

Paid-up capital required.

SEC. 100. Before the superintendent of banks issues his certificate to any trust company, there must be filed in his office the affidavit of a majority of its board of directors or the persons named in said articles as the first directors of the corporation that at least two hundred thousand dollars of the capital stock has actually been subscribed and paid in to a person named in such affidavit for the benefit of the corporation.

Report of trusts held.

SEC. 101. On making the report required by the terms of this act, every trust company shall, in addition to the other facts to be reported on, furnish a list and brief description of the trusts held by such corporation, the source of the appointment thereto, and the amount of real and personal estate held by such trust company by virtue thereof; except that mere mortgage trust, wherein no action has been taken by such corporation, shall not be included in such statement.

Retirement from business.

SEC. 102. Any trust company which desires to retire from business under this act, shall furnish to the superintendent of banks satisfactory evidence of its release and discharge from all the obligations and trusts hereinbefore provided for; whereupon he shall revoke his certificate to such trust company, and thereupon the treasurer of state shall return to said trust company all its securities.

Confidential communications, disclosures of.

SEC. 103. Except as herein otherwise provided, any trust company exercising the powers and performing the duties provided for in this act, shall keep inviolate all communications

confidentially made to it touching the existence, condition, management and administration of any trusts confided to it; and no creditor or stockholder of any such trust company shall be entitled to disclosure of any such communication; provided, however, that the president, manager, and secretary of such trust company shall be entitled to knowledge of such communication; and provided, further, that in any suit or proceeding touching the existence, condition, management or administration of such trust, the court wherein the same is pending may require disclosure of any such communication.

Word "trust" prohibited, to whom-Effect of use of word "trust."

SEC. 104. The use of the word "trust" in combination with or in connection with the word "company," "corporation," "incorporation," "association," "society," "organization," or "syndicate," is hereby prohibited to all persons, firms, associations, companies or corporations other than corporations provided for by this act. Every person, firm, asosciation, company, or corporation which uses the word "trust" in combination with or in connection with the word "company," "corporation," "incorporation," "association," "society," "organization," or "syndicate," as the name under which business is done or transacted, shall be subject to the provisions of this act and to the supervision of the superintendent of banks. Any person, firm, association, company, or corporation making use of the word "trust" in combination or in connection with the word "company," "corporation," "incorporation," "association," "society," "organization," or "syndicate," in the manner hereinabove mentioned, in the transaction of business, and not subject to the provisions of this act and the supervision of the superintendent of banks, shall be guilty of a misdemeanor.

No corporation hereafter formed shall use the word "trust" or "trustee" as a part of its corporate name unless it shall be authorized by its articles of incorporation to act as executor, administrator, guardian, assignee, receiver, depositary or trustee; nor shall any corporation hereafter formed accept or execute any trust mentioned in this act, unless it shall have complied with the provisions of this act.

Investments, laws governing.

SEC. 105. Every trust company shall invest its capital and trust funds received by it in accordance with the laws relative