Indiana Statutes
§ 30-2-9-2 — Deposit of funds; investments
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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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
Definitions