Indiana § 30-2-9-2 Deposit of funds; investments

Indiana Statutes

§ 30-2-9-2 — Deposit of funds; investments

Indiana § 30-2-9-2

Art. 2GENERAL PROVISIONS

Ch. 9Prepaid Funeral Plans and Funeral Trust Funds

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Bluebook

Ind. Code § 30-2-9-2 (2026).

Text

All trust funds paid under section 1(a) of this
chapter shall be deposited in a bank or trust company whose principal
office is in this state, or invested in a savings and loan, or building and
loan association whose principal office is in this state, in the name of
the trustee, as trustee, within thirty (30) days after receipt thereof, and
shall be held by such trustee in trust, subject to the provisions of this
chapter.
Formerly: Acts 1963, c.303, s.2. As amended by Acts 1978,
P.L.133, SEC.3.

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All trust funds paid under section 1(a) of this
chapter shall be deposited in a bank or trust company whose principal
office is in this state, or invested in a savings and loan, or building and
loan association whose principal office is in this state, in the name of
the trustee, as trustee, within thirty (30) days after receipt thereof, and
shall be held by such trustee in trust, subject to the provisions of this
chapter.
Formerly: Acts 1963, c.303, s.2. As amended by Acts 1978,
P.L.133, SEC.3.