(1) A trust company shall not advertise to furnish or furnish to the public legal advice or hold itself out as practicing law.

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(2) A trust company that violates subsection (1) of this section is ineligible for one year thereafter to be judicially appointed as a fiduciary in this state. [Amended by 1973 c.797 § 195; 1975 c.544 § 28; 1997 c.631 § 211]