A state bank holding any asset as a fiduciary shall:
A. segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be permitted by the Uniform Common Trust Fund Act [ 46-1-13 to 46-1-16 NMSA 1978] or by other provisions of law or by the writing creating the trust; and
B. record such assets in a separate set of books maintained for fiduciary activities.