§ 28-14-3-15 — Trusts

Indiana § 28-14-3-15

• Jurisdiction: Indiana
• Art. 14: CORPORATE FIDUCIARIES
• Ch. 3: Powers and Duties

Text

A corporate fiduciary has the power to:
(1) take, accept, and execute any and all legal trusts, duties, and
powers in regard to the holding, management, sale, and
disposition of any property or estate, real or personal, wherever
located, and the rents and profits of the property or estate, which
may be granted or confided to it by any court of competent
jurisdiction, or by any person, corporation, municipality, or other
authority;
(2) take, accept, and execute any and all trusts and powers of any
nature or description that:
(A) may be conferred upon or entrusted or submitted to it by
any person, firm, company, or any body politic, corporation,
foreign or domestic, or other authority, by grant, assignment,
transfer, devise, bequest, or otherwise; or
(B) may be entrusted, committed, or transferred to it or vested
in it by order of a court of competent jurisdiction; and
(3) generally execute trusts of every description not inconsistent
with the laws of Indiana or the United States.

Legislative History

As added by P.L.262-1995, SEC.90.