Indiana § 30-2-13-14 Conversion of trust or escrow agreement; change in method of funding;
new or successor trustee or escrow agent

Indiana Statutes

§ 30-2-13-14 — Conversion of trust or escrow agreement; change in method of funding; new or successor trustee or escrow agent

Indiana·Art. 2 GENERAL PROVISIONS·Ch. 13 Payment of Funeral, Burial Services, or Merchandise in

(a)A trust or an escrow agreement created under:

(1)IC 23-14-49-1;

(2)IC 30-2-9; or

(3)IC 30-2-10; may not be converted to a trust or an escrow agreement required by section 12 or 12.5 of this chapter.

(b)A contract that has been funded with cash may not subsequently be changed to be funded with an insurance policy.

(c)A contract that has been funded with an insurance policy may not subsequently be changed to be funded with cash.

(d)Unless a transaction occurs under section 15(a)(4) of this chapter or the provisions of the contract permit otherwise, a new or successor trustee or escrow agent may not qualify and serve as trustee or escrow agent without the written consent of the purchaser and the seller designated to provide services or merchandise subject to a contract under this ch

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(a) A trust or an escrow agreement created
under:
(1) IC 23-14-49-1;
(2) IC 30-2-9; or
(3) IC 30-2-10;
may not be converted to a trust or an escrow agreement required by
section 12 or 12.5 of this chapter.
(b) A contract that has been funded with cash may not subsequently
be changed to be funded with an insurance policy.
(c) A contract that has been funded with an insurance policy may
not subsequently be changed to be funded with cash.
(d) Unless a transaction occurs under section 15(a)(4) of this
chapter or the provisions of the contract permit otherwise, a new or
successor trustee or escrow agent may not qualify and serve as trustee
or escrow agent without the written consent of the purchaser and the
seller designated to provide services or merchandise subject to a
contract under this chapter.

Indiana § 30-2-13-14 (Conversion of trust or escrow agreement; change in method of funding; new or successor trustee or escrow agent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.