Indiana Statutes
§ 30-1-8-4 — Participation; proportionate interest
Each fiduciary investment placed in every such
common trust fund shall participate on the basis of a proportionate
interest in all of the assets and income of the fund, and may be
evidenced in writing or otherwise at the option of the bank
administering the fund, but not in any form which purports to be
negotiable or assignable.
Formerly: Acts 1949, c.70, s.4.
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Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions