Indiana Statutes
§ 30-2-10-8.5 — Management of settlor's funds by registered investment adviser
Indiana § 30-2-10-8.5
This text of Indiana § 30-2-10-8.5 (Management of settlor's funds by registered investment adviser) 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 § 30-2-10-8.5 (2026).
Text
5.
(a)The bank, trust company, savings
association, or credit union that receives the payments made by a
settlor under section 2 of this chapter may enter into a contract under
which the account into which the settlor's payments are deposited is
managed by a third party.
(b)To manage the funds in a settlor's account under subsection (a),
a third party must be:
(1)an investment adviser registered with the United States
Securities and Exchange Commission under the federal
Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.); or
(2)an investment adviser registered under IC 23-19-4.
(c)In managing the funds in a settlor's account under subsection (a),
an investment adviser shall comply in all respects with the Indiana
Uniform Prudent Investor Act under IC 30-4-3.5-1(c)(3).
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Related
§ 80b
15 U.S.C. § 80b
Legislative History
As added by P.L.53-2015, SEC.1.
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 § 30-2-10-8.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-2-10-8.5.