Indiana Statutes
§ 28-14-6-2 — Separate bookkeeping for fiduciary accounts; segregation of securities and property held for fiduciary accounts
A corporate fiduciary exercising trust powers or any powers as a fiduciary shall:
(1)keep, separate and apart from its other business, separate
books and accounts for its fiduciary accounts; and
(2)keep all securities and property that is held for its fiduciary
accounts (other than money) at all times segregated from and
unmingled with its own securities and property.
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Indiana § 28-14-6-2 (Separate bookkeeping for fiduciary accounts; segregation of securities and property held for fiduciary accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.262-1995, SEC.90.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows