Indiana Code - Probate - Title 29, Section 29-1-13-14

Investment of funds

Sec. 14. Subject to his primary duty to preserve the estate for
prompt distribution, and to the terms of the will, if any, the personal
representative may with the approval of the court whenever it is
reasonable to do so, invest the funds of the estate and make then
productive. Such investments shall be restricted to the kinds of
investments permitted to trustees by the laws of this state.
(Formerly: Acts 1953, c.112, s.1314.)

Last modified: May 27, 2006