Full text: National banking under the Federal Reserve System

CONSOLIDATION 
4 
above) with regard to the passing of the trust business of a state bank 
to the consolidated national bank, the National Bank Act as recently 
amended states explicitly that the rights of property, franchises, and 
interests taken over by the consolidated bank shall include the right 
of succession as trustee or executor, or succession in any other 
fiduciary capacity in the same manner and to the same extent as was 
held and enjoyed by such state bank. 
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