Indiana Code 28-14-6-2. Separate bookkeeping for fiduciary accounts; segregation of securities and property held for fiduciary accounts
Current as of: 2024 | Check for updates
|
Other versions
Sec. 2. A corporate fiduciary exercising trust powers or any powers as a fiduciary shall:
(2) keep all securities and property that is held for its fiduciary accounts (other than money) at all times segregated from and unmingled with its own securities and property.
(1) keep, separate and apart from its other business, separate books and accounts for its fiduciary accounts; and
Terms Used In Indiana Code 28-14-6-2
- Fiduciary: A trustee, executor, or administrator.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.262-1995, SEC.90.