Common trust fund
Sec. 19. (a) A trustee may place trust money in a common or
commingled trust fund under a single trust instrument.
(b) A trustee shall maintain a separate accounting record for each
seller who deposits funds in a trust.
(c) Except for trusts established under IC 30-2-10, records
maintained under this section do not need to be segregated on a
purchaser by purchaser basis.
As added by P.L.200-1991, SEC.1.
Last modified: May 27, 2006