Trust Companies

Pusey, Dep. Att’y-Gen.,

In reply to your communication of Dec. 29th last, making inquiry concerning your authority or duty to examine trust assets and property in the actual or constructive possession of a trust company under supervision of your department, where such trust company is a co-trustee, I beg to advise you as follows:

Under the Banking Department Act approved May 21, 1919, P. L. 209, you are required, in section 14 thereof, to examine trust companies and “to make a thorough examination into all the business and affairs of the corporation or person in all departments, and of all…