Indiana Code 33-44-6-3. Interest accrued by account; board ownership of beneficial interest
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Terms Used In Indiana Code 33-44-6-3
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
Sec. 3. The board owns the beneficial interest in the interest accrued by an interest bearing attorney trust account of an attorney who is subject to this article.
[Pre-2004 Recodification Citation: 33-20-6-3.]
As added by P.L.98-2004, SEC.23.