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Indiana Code Title 28. Financial Institutions § 28-14-3-16

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 16. (a) Except as otherwise provided in this chapter, a corporate fiduciary has the power:

(1) to act:

(A) in every fiduciary capacity permitted by this article;  and

(B) as commissioner for the sale of real estate, without bond or other security;  and

(2) to administer oaths attested by the signature of its secretary or cashier and its seal whenever it is acting in a fiduciary capacity and whenever an individual acting in the same capacity is authorized by law to administer oaths.

(b) The court having jurisdiction of a corporate fiduciary may at any time, before or after the corporate fiduciary accepts a fiduciary appointment require the corporate fiduciary to give a bond or other security.  If the corporate fiduciary fails to give a bond or security as required, the court may remove the corporate fiduciary and revoke the appointment.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-14-3-16 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-14-3-16/

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