§ 28-2-7-1 — General exemption from requirement for bond

Indiana § 28-2-7-1

• Jurisdiction: Indiana
• Art. 2: BANKS
• Ch. 7: Fiduciary Bonds

Text

Any bank, trust company, or corporate fiduciary
organized under the laws of the state of Indiana or of the United States
of America and operating a bank, trust company, or corporate fiduciary
which is located within the state of Indiana, which is acting on
December 12, 1945, or which may act, after December 12, 1945, in a
fiduciary capacity in any estate, trust, receivership, action, matter, or
proceeding pending on or after December 12, 1945, in any court
created by the Constitution or the laws of the state of Indiana, shall not,
while so acting, except as provided in section 2 of this chapter, be
required to file in said court any bond conditioned:
(1) for the full performance of its duties;
(2) to account for the funds or property which may come into its
possession; or
(3) for any other purpose whatsoever.
Formerly: Acts 1945, c.248, s.1. As amended by P.L.263-1985,
SEC.119; P.L.262-1995, SEC.52.