§ 23-5-1-4 — Required filings; recordation

Indiana § 23-5-1-4

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 5: OTHER BUSINESS ASSOCIATIONS
• Ch. 1: Indiana Business Trust Act

Text

(a) Any business trust, whether domestic or
foreign, desiring to transact business in this state, shall file the
following documents and information in the office of the secretary of
state, on such forms, if any, as such secretary may prescribe:
(1) An executed copy of the trust instrument by which the trust
was created and of all amendments thereto or a true and correct
copy thereof certified to be such by a trustee thereof before an
official authorized to administer oaths or by a public official of
another state, territory, or country in whose office an executed
copy thereof is on file.
(2) A verified list of the names and addresses of its trustees.
(3) A balance sheet, certified by an independent certified or
public accountant or firm of accountants as of the date no earlier
than sixty (60) days prior to such date of filing, fairly and truly
reflecting its assets and liabilities and specifically setting out its
corpus and showing a net worth of not less than one thousand
dollars ($1,000). A foreign business trust shall also file a
statement showing the same information required of a foreign
corporation under IC 23-1.
(4) The name and address of its registered agent as provided in IC 23-0.5-4.
(b) A foreign business trust shall comply with and be subject to all
the provisions of IC 23-1 as though it were a foreign corporation.
Before commencement of business in Indiana every trust, domestic or
foreign, shall record in the office of the county recorder of the county
in which the principal office of said business trust in this state is
located a copy of the trust instrument duly bearing the file mark of the
secretary of state.
Formerly: Acts 1963, c.353, s.4. As amended by P.L.149-1986,
SEC.48; P.L.34-1997, SEC.13; P.L.118-2017, SEC.48.