§ 28-14-1-1 Definitions applicable to article
§ 28-14-1-2 “Acting as a fiduciary”
§ 28-14-1-3 “Clearing corporation”
§ 28-14-1-4 “Corporate fiduciary”
§ 28-14-1-5 “Department”
§ 28-14-1-6 “Director”
§ 28-14-1-7 “Person”
§ 28-14-1-8 “The trust business”
§ 28-14-1-9 “Subsidiary”
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Terms Used In Indiana Code > Title 28 > Article 14 > Chapter 1 - Definitions

  • 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5