§ 28-14-7-5 — Maintenance of principal office in county in which corporate fiduciary conducts trust business; post office address of principal office

Indiana § 28-14-7-5

• Jurisdiction: Indiana
• Art. 14: CORPORATE FIDUCIARIES
• Ch. 7: Requirements and Prohibitions Applying to Corporate

Text

(a) A corporate fiduciary that engages in the
trust business in Indiana shall maintain an office or a place of business
in Indiana. The office maintained under this subsection shall be known
as the principal office, and must be located in a county in which the
corporate fiduciary conducts business.
(b) The post office address of the principal office shall be stated in
the original articles of incorporation, at the time of the incorporation.
Thereafter, the location of the principal office may be changed at any
time or from time to time when authorized by the board of directors and
approved by the department, by filing with the secretary of state, before
the date on which the change is to take effect, a certificate that:
(1) is signed by the president or a vice president and by the
secretary or cashier of the corporate fiduciary;
(2) is verified by one (1) of the officers signing the certificate; and
(3) states that the change is to be made and that it is made under
authorization by the board of directors.

Legislative History

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