fiduciary capacity, non-banking corporations acting in a

Certain corporations , other than banking institutions, are licensed by the Banking Commissioner to act as trustees. Such corporations may receive property in trust and execute and administer trusts to the extent and in the manner authorized by their charters or the laws of Connecticut. For example, a firm that acts as an escrow agent for funds used to purchase irrevocable pre-planned funeral purchase contracts, and invests and administers the funds held in escrow.