Indiana § 28-14-7-3 Violations; penalties

Indiana Statutes

§ 28-14-7-3 — Violations; penalties

Indiana § 28-14-7-3

Art. 14CORPORATE FIDUCIARIES

Ch. 7Requirements and Prohibitions Applying to Corporate

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Bluebook

Ind. Code § 28-14-7-3 (2026).

Text

(a)A corporate fiduciary that:

(1)fails to prepare and submit a statement of condition required by the department under section 2 of this chapter; or

(2)violates any order of the department with respect to a statement of condition required by the department under section 2 of this chapter; is subject to a civil penalty of one hundred dollars ($100) for each day that elapses after the date fixed by the department for compliance with the notice concerning the statement of condition.

(b)A penalty paid under subsection (a) must be deposited in the financial institutions fund established by IC 28-11-2-9.

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(a) A corporate fiduciary that:
(1) fails to prepare and submit a statement of condition required
by the department under section 2 of this chapter; or
(2) violates any order of the department with respect to a
statement of condition required by the department under section
2 of this chapter;
is subject to a civil penalty of one hundred dollars ($100) for each day
that elapses after the date fixed by the department for compliance with
the notice concerning the statement of condition.
(b) A penalty paid under subsection (a) must be deposited in the
financial institutions fund established by IC 28-11-2-9.