Sec. 7. (a) An individual elected or appointed to fill a vacancy shall obtain from the court a certificate of qualification and fitness before the individual may enter upon duties as a trustee.

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Terms Used In Indiana Code 28-6.1-3-7

  • court: refers to the circuit court, superior court, or probate court of the county in which the savings bank is located. See Indiana Code 28-6.1-3-2
  • Trustee: A person or institution holding and administering property in trust.
     (b) A certificate issued under subsection (a) shall be:

(1) recorded in the journal of the proceedings of the savings bank; and

(2) be filed with the department.

As added by P.L.42-1993, SEC.72.

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