(a)"Fiduciary", for purposes of IC 13-23-13:
(1)means a person acting for the benefit of another party as a
bona fide:
(E)guardian of estates or guardian ad litem;
(H)committee of estates of incapacitated persons;
(I)personal representative;
(J)trustee (including a successor to a trustee) under an
indenture agreement, trust agreement, lease, or similar
financing agreement for debt securities, certificates of interest
or certificates of participation in debt securities, or other forms
of indebtedness as to which the trustee is not, in the capacity of
trustee, the lender; or
(K)representative in a capacity that is similar to the capacities
referred to in clauses (A) through (J); and
Free access — add to your briefcase to read the full text and ask questions with AI
(a) "Fiduciary", for purposes of IC 13-23-13:
(1) means a person acting for the benefit of another party as a
bona fide:
(A) trustee;
(B) executor;
(C) administrator;
(D) custodian;
(E) guardian of estates or guardian ad litem;
(F) receiver;
(G) conservator;
(H) committee of estates of incapacitated persons;
(I) personal representative;
(J) trustee (including a successor to a trustee) under an
indenture agreement, trust agreement, lease, or similar
financing agreement for debt securities, certificates of interest
or certificates of participation in debt securities, or other forms
of indebtedness as to which the trustee is not, in the capacity of
trustee, the lender; or
(K) representative in a capacity that is similar to the capacities
referred to in clauses (A) through (J); and
(2) does not include:
(A) a person that is acting as a fiduciary with respect to a trust
or other fiduciary estate that was organized for the primary
purpose of, or is engaged in, actively carrying on a trade or
business for profit, unless the trust or other fiduciary estate was
created as part of, or to facilitate, at least one (1) estate plan or
because of the incapacity of a natural person; or
(B) a person that acquires ownership or control of an
underground storage tank or aboveground storage tank with the
objective purpose of avoiding liability of the person or another
person.
(b) "Fiduciary", for purposes of IC 13-24-1:
(1) means a person acting for the benefit of another party as a
bona fide:
(A) trustee;
(B) executor;
(C) administrator;
(D) custodian;
(E) guardian of estates or guardian ad litem;
(F) receiver;
(G) conservator;
(H) committee of estates of incapacitated persons;
(I) personal representative;
(J) trustee (including a successor to a trustee) under an
indenture agreement, trust agreement, lease, or similar
financing agreement for debt securities, certificates of interest
or certificates of participation in debt securities, or other forms
of indebtedness as to which the trustee is not, in the capacity of
trustee, the lender; or
(K) representative in a capacity that is similar to the capacities
referred to in clauses (A) through (J); and
(2) does not include:
(A) a person that is acting as a fiduciary with respect to a trust
or other fiduciary estate that was organized for the primary
purpose of, or is engaged in, actively carrying on a trade or
business for profit, unless the trust or other fiduciary estate was
created as part of, or to facilitate, at least one (1) estate plan or
because of the incapacity of a natural person; or
(B) a person that acquires ownership or control of a petroleum
facility with the purpose of avoiding liability of the person or of
another person.
(c) "Fiduciary", for purposes of IC 13-25-4:
(1) means a person acting for the benefit of another party as a
bona fide:
(A) trustee;
(B) executor;
(C) administrator;
(D) custodian;
(E) guardian of estates or guardian ad litem;
(F) receiver;
(G) conservator;
(H) committee of estates of incapacitated persons;
(I) personal representative;
(J) trustee (including a successor to a trustee) under an
indenture agreement, trust agreement, lease, or similar
financing agreement for debt securities, certificates of interest
or certificates of participation in debt securities, or other forms
of indebtedness as to which the trustee is not, in the capacity of
trustee, the lender; or
(K) representative in a capacity that is similar to the capacities
referred to in clauses (A) through (J); and
(2) does not include:
(A) a person that is acting as a fiduciary with respect to a trust
or other fiduciary estate that was organized for the primary
purpose of, or is engaged in, actively carrying on a trade or
business for profit, unless the trust or other fiduciary estate was
created as part of, or to facilitate, at least one (1) estate plan or
because of the incapacity of a natural person; or
(B) a person that acquires ownership or control of a vessel or
facility with the objective purpose of avoiding liability of the
person or of another person.
[Pre-1996 Recodification Citations: 13-7-8.7-8(b);
13-7-20.1-14(b).]