§ 28-14-4-2 — Real property held without use for one year

(a) If real property referred to in section 1(b)(3)
of this chapter is held for one (1) year without being used by the
corporate fiduciary as an office or a facility, the board of directors of
the corporate fiduciary shall state by resolution definite plans for the
use of the real property.
(b) A resolution adopted under this section shall be made available
for inspection by the department.

Legislative History

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