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Terms Used In Indiana Code 4-24-6-3

  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • institution: shall mean psychiatric, penal, correctional, benevolent, or special educational institutions owned and operated by the state of Indiana. See Indiana Code 4-24-6-1
  • 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 chief administrative officer of the department, division, or state agency having administrative control and supervision of any institution shall make rules and regulations concerning the withdrawal of money held in trust for any patient or inmate, and concerning the deposit of any money to be held in trust for any patient or inmate. Upon the discharge or release of any patient or inmate, the superintendent or warden of the institution shall pay to the individual, or the individual’s legal guardian, all money due the individual from any trust account.

Formerly: Acts 1957, c.242, s.3. As amended by P.L.215-2016, SEC.99.