<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="3-517" title_number="3" title_name="Banking Institutions -- Commercial Banks" subtitle_number="5" subtitle_name="Common Trust Funds">
  <level label="a">
    <text>The ownership of and title to the individual assets in a common trust fund are solely in the trust company, as trustee of the fund.</text>
  </level>
  <level label="b">
    <text>A trust company shall show clearly on its records:</text>
    <level label="1">
      <text>The name of each fiduciary account on behalf of which the trust company holds a participation in a common trust fund; and</text>
    </level>
    <level label="2">
      <text>The extent of the interest held for that fiduciary account.</text>
    </level>
  </level>
</section>
