Common trust funds for funds held by other bank, trust company,
or affiliate as fiduciary
Sec. 7. Any:
(1) Indiana bank or trust company; or
(2) national bank qualified to act as fiduciary and whose
principal place of business is in Indiana;
may establish and maintain one (1) or more common trust funds in
accordance with section 2 of this chapter for the funds held by the
bank or trust company or any other bank or trust company, including
an affiliate, in its capacity as administrator, executor, guardian, or
trustee under will or trust agreement.
(Formerly: Acts 1973, P.L.292, SEC.1.) As amended by
P.L.280-1987, SEC.4; P.L.238-2005, SEC.16.
Last modified: May 27, 2006