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Indiana Code Title 28. Financial Institutions § 28-14-4-1

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

Sec. 1. (a) A corporate fiduciary has the power to purchase, hold, and convey real estate as necessary for the convenient transaction of its business.

(b) Real property that may be purchased or held for the convenient transaction of the business of a corporate fiduciary includes the following:

(1) Real property on which the principal office or a trust office of the corporate fiduciary is located.

(2) Real property that is the location of facilities supporting the operations of the corporate fiduciary.

(3) Real property that the board of directors expects, in good faith, to use as an office or a facility in the future.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-14-4-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-14-4-1/

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