§ 32-18-1-6 — Trustee; notice of appointment; inventory of property

Indiana § 32-18-1-6

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 18: INTERESTS OF CREDITORS IN PROPERTY
• Ch. 1: Assignment of Real and Personal Property for the Benefit

Text

(a) Immediately after complying with the
requirements set forth in this chapter, the trustee shall give notice of the
trustee's appointment by publication, three (3) weeks successively, in
a newspaper printed and published in the county. If a newspaper is not
printed and published in the county, the trustee shall:
(1) place written notice in at least five (5) of the most public
places in the county; and
(2) publish notice in a newspaper printed and published in the
nearest county, for the time and in the manner mentioned in
reference to publication in the county where the assignor resides.
(b) The trustee shall, within thirty (30) days after beginning the
duties of the trust, make and file, under oath, a full and complete
inventory of all the property, real and personal, the rights, credits,
interests, profits, and collaterals that the trustee obtains, or of which the
trustee may have obtained knowledge as belonging to the assignor. If:
(1) any property not mentioned in an inventory comes into the
trustee's hands; or
(2) the trustee obtains satisfactory information of the existence of
property not mentioned in an inventory;
the trustee shall file an additional inventory of the property as
described in this section.
[Pre-2002 Recodification Citation: 32-12-1-6.]

Legislative History

As added by P.L.2-2002, SEC.3.