Indiana § 28-14-3-13 Appointment as executor, testamentary trustee, or administrator;
corporate successor to will nominee; co-fiduciary with natural person;
bond or security

Indiana Statutes

§ 28-14-3-13 — Appointment as executor, testamentary trustee, or administrator; corporate successor to will nominee; co-fiduciary with natural person; bond or security

Indiana § 28-14-3-13

Art. 14CORPORATE FIDUCIARIES

Ch. 3Powers and Duties

This text of Indiana § 28-14-3-13 (Appointment as executor, testamentary trustee, or administrator; corporate successor to will nominee; co-fiduciary with natural person; bond or security) 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 § 28-14-3-13 (2026).

Text

(a)A corporate fiduciary may:

(1)be appointed; and

(2)accept the appointment; to act as executor or trustee under the last will and testament, or as administrator, with or without the will annexed, of the estate of any deceased person.

(b)A corporate fiduciary may:

(1)be appointed; and

(2)act under the order of appointment of any court of competent jurisdiction; as executor of or trustee under any last will and testament, whenever the corporate fiduciary is the successor to any corporation appointed in the last will and testament, whether such succession is the result of merger, consolidation, or otherwise.

(c)Whenever a natural person is appointed with a corporate fiduciary in an appointment as receiver, guardian, commissioner, trustee, executor, or administrator with or without th

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A corporate fiduciary may:
(1) be appointed; and
(2) accept the appointment;
to act as executor or trustee under the last will and testament, or as
administrator, with or without the will annexed, of the estate of any
deceased person.
(b) A corporate fiduciary may:
(1) be appointed; and
(2) act under the order of appointment of any court of competent
jurisdiction;
as executor of or trustee under any last will and testament, whenever
the corporate fiduciary is the successor to any corporation appointed in
the last will and testament, whether such succession is the result of
merger, consolidation, or otherwise.
(c) Whenever a natural person is appointed with a corporate
fiduciary in an appointment as receiver, guardian, commissioner,
trustee, executor, or administrator with or without the will annexed, the
appointment of the natural person may be:
(1) under such limitation of powers; and
(2) upon such terms and conditions as to:
(A) the possession and control of the trust assets by the
corporate fiduciary, or otherwise; and
(B) the bond or security, if any, to be given by the natural
person;
as the natural person and the corporate fiduciary may agree to and the
court making the appointment shall approve.
(d) Whenever a natural person who is appointed in a fiduciary
capacity is required to give a bond or security for the faithful
performance of the natural person's duties, a corporate fiduciary may
guarantee or become surety for the natural person:
(1) if the corporate fiduciary takes possession and control of the
assets belonging to the estate or other fiduciary relationship; and
(2) if the court having jurisdiction of the corporate fiduciary
approves the guaranteeing or becoming surety for the natural
person.