Indiana Code - Trusts and Fiduciaries - Title 30, Section 30-1-8-4

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Participation; proportionate interest

Sec. 4. Each fiduciary investment placed in every such common
trust fund shall participate on the basis of a proportionate interest in
all of the assets and income of the fund, and may be evidenced in
writing or otherwise at the option of the bank administering the fund,
but not in any form which purports to be negotiable or assignable.
(Formerly: Acts 1949, c.70, s.4.)

Last modified: May 27, 2006