Legislation
SECTION 101
Additional powers of certain trust companies
Banking (BNK) CHAPTER 2, ARTICLE 3
§ 101. Additional powers of certain trust companies. Every trust
company which at the time this act takes effect lawfully possesses and
exercises the power, for hire, to examine titles to real estate, to
procure and furnish information in relation thereto, and to guarantee or
insure the title to real estate to persons interested, in such real
estate or in mortgages thereon, against loss, by reason of defective
title or other encumbrances of or upon, such real estate, shall continue
to possess such power, but no other trust company shall hereafter have
or exercise such power.
company which at the time this act takes effect lawfully possesses and
exercises the power, for hire, to examine titles to real estate, to
procure and furnish information in relation thereto, and to guarantee or
insure the title to real estate to persons interested, in such real
estate or in mortgages thereon, against loss, by reason of defective
title or other encumbrances of or upon, such real estate, shall continue
to possess such power, but no other trust company shall hereafter have
or exercise such power.