Indiana Statutes
§ 30-2-10-8 — Management of funds by financial institutions; annual reports from beneficiaries
Indiana § 30-2-10-8
This text of Indiana § 30-2-10-8 (Management of funds by financial institutions; annual reports from beneficiaries) 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 § 30-2-10-8 (2026).
Text
(a)Indiana financial institutions in which trust
funds have been deposited in accordance with this chapter may place
the funds in a common or commingled trust fund under a single trust
instrument. The trustee shall maintain a separate accounting record for
each trust fund.
(b)All interest earned by funds deposited in accordance with this
chapter accrue to the trust.
(c)The trustee shall disburse the funds deposited in accordance with
this chapter to the named beneficiary to discharge an obligation arising
from any contract described in section 5 of this chapter, upon receipt
of evidence satisfactory to the trustee that the contract has been
performed.
(d)A funeral home, licensed under IC 25-15 that is named as
beneficiary of funeral trust funds under this chapter shall annually
report
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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
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-2-10-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-2-10-8.