Section 100. Fiduciary powers

Every  trust company shall have, subject to
  the  restrictions  and  limitations  contained  in  this  chapter,   the
  following powers:
    1.  To  act  as the fiscal or transfer agent of the United States, any
  state, municipality, body politic or corporation; and in  such  capacity
  to  receive  and  disburse  money, to transfer, register and countersign
  certificates of stock, bonds or other evidences of indebtedness or other
  securities, and to act as attorney in fact or agent  of  any  person  or
  corporation, foreign or domestic, for any lawful purpose.
    2.  To  act  as  trustee  under  any  mortgage  or bonds issued by any
  municipality, body politic or  corporation,  foreign  or  domestic,  and
  accept and execute any other municipal or corporate trust not prohibited
  by the laws of this state.
    3.  To  be  appointed and to act under the order or appointment of any
  court of competent jurisdiction:
    (a) As guardian, receiver, trustee, committee or  conservator  of  the
  estate  of  any  minor,  mentally  ill person, mentally retarded person,
  person of unsound mind, alcohol abuser or conservatee or  in  any  other
  fiduciary capacity;
    (b)  As  receiver,  trustee, or committee of the property or estate of
  any person in insolvency or bankruptcy proceedings.
    4. To be appointed and to accept the appointment  of  executor  or  of
  trustee  under  the  last  will  and  testament or administrator with or
  without the will annexed of the estate of any deceased person.
    5. To take, accept and execute any and all  such  trusts,  duties  and
  powers  of  whatever  nature  or description as may be conferred upon or
  entrusted or committed to it by any  person  or  persons,  or  any  body
  politic,  corporation, domestic or foreign, or other authority by grant,
  assignment, transfer, devise, bequest or  otherwise,  or  which  may  be
  entrusted  or committed or transferred to it or vested in it by order of
  any court of competent jurisdiction, or any surrogate, and  to  receive,
  take,  manage, hold and dispose of according to the terms of such trust,
  duty or power, any property or estate, real or personal,  which  may  be
  the subject of any such trust, duty or power.
    Provided  that  no trust company shall have any right or power to make
  any contract, or to accept or execute any trust whatever, which it would
  not be lawful for any individual to make, accept or execute.