§ 28-3-2-7 — Effect of conversion, merger, or consolidation on fiduciary relations of state bank

If any bank or trust company is acting as the
administrator, coadministrator, executor, coexecutor, trustee or
cotrustee of or in respect to any estate or trust or guardian of any person
or estate which is being administered under the laws of this state, or has
been named or designated as such in any will or other writing
theretofore executed, such relation, as well as any and all other similar
fiduciary relations, and all rights, privileges, duties and obligations
connected therewith shall remain unimpaired, and shall continue into
and in such national banking association from and as of the time of the
taking effect of such merger, consolidation or conversion, irrespective
of the date when any such relation shall have been created or
established, and irrespective of the date of any agreement relating
thereto or of the date of the death of any testator or decedent whose
estate is being so administered.
Formerly: Acts 1953, c.69, s.7.