Indiana § 30-2-13-39 Prohibited relationships between sellers and trustees or escrow agents

Indiana Statutes

§ 30-2-13-39 — Prohibited relationships between sellers and trustees or escrow agents

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

(a)This section does not apply to a trust funded by the method described in section 11(c) of this chapter.

(b)A seller may not be an affiliate, a parent, or a subsidiary organization of the trustee or escrow agent, acting as a fiduciary, of a trust or escrow account established after June 30, 2008, to hold consideration paid for services or merchandise subject to a contract entered into under this chapter by the seller and a purchaser.

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(a) This section does not apply to a trust
funded by the method described in section 11(c) of this chapter.
(b) A seller may not be an affiliate, a parent, or a subsidiary
organization of the trustee or escrow agent, acting as a fiduciary, of a
trust or escrow account established after June 30, 2008, to hold
consideration paid for services or merchandise subject to a contract
entered into under this chapter by the seller and a purchaser.

Indiana § 30-2-13-39 (Prohibited relationships between sellers and trustees or escrow agents) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.