Sec. 3. (a) If the proposed corporation is organized to transact business under IC 28-1-11, the corporate name must include the word “bank”, “trust”, “banc”, “banco”, or “bancorp”.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 28-12-3-3

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
     (b) If the proposed corporation is to be a corporate fiduciary, the corporate name of the corporation must include the word “trust” or “fiduciary”.

As added by P.L.14-1992, SEC.162. Amended by P.L.262-1995, SEC.81; P.L.79-1998, SEC.87; P.L.10-2006, SEC.76 and P.L.57-2006, SEC.76.

  Previous section
Next section  
 Chapter 3 Contents