Section 58
SEC. 58. A trust company, in addition to the general powers incident to corporations, shall have power: (a) To act as trustee on any mortgage or bond issued by any municipality, corporation, or any body politic and to accept and execute any other municipal or corporate trust not inconsistent with law; (b) To act under the order or appointment of any court of records as guardian, receiver, trustee, or depositary of the estate of any minor, insane person, idiot, habitual drunkard, or other incompetent or irresponsible person, and as receiver and depositary of any moneys paid into court by parties to any legal proceedings and of property of any kind which may be brought under the jurisdiction of the court by proper legal proceedings; (c) To act as the executor of any last will or testament when it is named in the last will and testament as the executor thereof; (d) To act under appointment of a court of competent jurisdiction as administrator of the estate of any deceased person, with the will annexed, or as administrator of the estate of any deceased person when there is no will, and when in either case there is no person qualified, competent, willing, able and entitled to accept such administration. (e) To accept and execute any legal trust confided to it by any court of record or by any person or corporation or the holding, management, and administration of any estate, real or personal, and the rents, issues, and profits hereof.