Indiana Statutes
§ 28-14-7.5-6 — Amounts available to creditors and beneficiaries; assets received after placement in conservatorship
Indiana § 28-14-7.5-6
This text of Indiana § 28-14-7.5-6 (Amounts available to creditors and beneficiaries; assets received after placement in conservatorship) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 28-14-7.5-6 (2026).
Text
(a)While a corporate fiduciary is in
conservatorship under this chapter, the department may require the
conservator to set aside and make available for payment to any persons
described in section 3(a)(2) of this chapter, on a pro rata basis, any
amounts that, in the opinion of the department, may be safely and
prudently used for such payments.
(b)Any assets received or acquired after a corporate fiduciary is
placed in conservatorship under this chapter shall be:
(1)kept in cash;
(2)invested in direct obligations of the United States; or
(3)deposited in depository institutions designated by the
department.
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Legislative History
As added by P.L.10-2006, SEC.78 and P.L.57-2006,
SEC.78.
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 escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-14-7.5-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-14-7.5-6.