Indiana § 28-14-4-1 Power to purchase or convey real estate necessary for convenient
transaction of business

Indiana Statutes

§ 28-14-4-1 — Power to purchase or convey real estate necessary for convenient transaction of business

Indiana·Art. 14 CORPORATE FIDUCIARIES·Ch. 4 Real Estate Powers of Corporate Fiduciaries

(a)A corporate fiduciary has the power to purchase, hold, and convey real estate as necessary for the convenient transaction of its business.

(b)Real property that may be purchased or held for the convenient transaction of the business of a corporate fiduciary includes the following:

(1)Real property on which the principal office or a trust office of the corporate fiduciary is located.

(2)Real property that is the location of facilities supporting the operations of the corporate fiduciary.

(3)Real property that the board of directors expects, in good faith, to use as an office or a facility in the future.

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(a) A corporate fiduciary has the power to
purchase, hold, and convey real estate as necessary for the convenient
transaction of its business.
(b) Real property that may be purchased or held for the convenient
transaction of the business of a corporate fiduciary includes the
following:
(1) Real property on which the principal office or a trust office of
the corporate fiduciary is located.
(2) Real property that is the location of facilities supporting the
operations of the corporate fiduciary.
(3) Real property that the board of directors expects, in good faith,
to use as an office or a facility in the future.

Indiana § 28-14-4-1 (Power to purchase or convey real estate necessary for convenient transaction of business) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.