Indiana § 28-1-7-22 Effect of merger or consolidation upon fiduciary status of party

Indiana Statutes

§ 28-1-7-22 — Effect of merger or consolidation upon fiduciary status of party

Indiana § 28-1-7-22

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 7Merger and Consolidation of Banks, Trust Companies,

This text of Indiana § 28-1-7-22 (Effect of merger or consolidation upon fiduciary status of party) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-1-7-22 (2026).

Text

If any bank, bank of discount and deposit, trust company, savings bank, corporate fiduciary, or savings association:

(1)is acting as the administrator, coadministrator, executor, coexecutor, trustee, or cotrustee of or in respect to any estate or trust, or as guardian of any person or estate which is being administered under the laws of this state; or

(2)has been named or designated as such in any will or other executed writing; such relation, and all other similar fiduciary relations, and all rights, privileges, duties, and obligations shall remain unimpaired, and shall continue with the surviving or single corporation, from the effective date of the merger or consolidation. Formerly: Acts 1933, c.40, s.135. As amended by P.L.122-1994, SEC.57; P.L.262-1995, SEC.11; P.L.79-1998, SEC.38.

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If any bank, bank of discount and deposit,
trust company, savings bank, corporate fiduciary, or savings
association:
(1) is acting as the administrator, coadministrator, executor,
coexecutor, trustee, or cotrustee of or in respect to any estate or
trust, or as guardian of any person or estate which is being
administered under the laws of this state; or
(2) has been named or designated as such in any will or other
executed writing;
such relation, and all other similar fiduciary relations, and all rights,
privileges, duties, and obligations shall remain unimpaired, and shall
continue with the surviving or single corporation, from the effective
date of the merger or consolidation.
Formerly: Acts 1933, c.40, s.135. As amended by P.L.122-1994,
SEC.57; P.L.262-1995, SEC.11; P.L.79-1998, SEC.38.