Section 28-14-3-18 - Receipt of property upon deposit for safekeeping or in escrow(a) A corporate fiduciary has the power to: (1) receive, upon terms and conditions prescribed by the corporate fiduciary not inconsistent with the provisions of this section, upon deposit for safekeeping, or in escrow: (G) securities and valuable papers of any kind; and(H) other personal property; and(2) rent or lease receptacles for the safe deposit of personal property.(b) Neither a corporate fiduciary nor any of the assets of the corporate fiduciary are liable for: (1) the value of property received by the corporate fiduciary under this section; or(2) damages for the loss, theft, or misappropriation of the property.(c) A corporate fiduciary may procure and carry a policy or policies of insurance for the benefit of the owners of property received by the corporate fiduciary under this section.As added by P.L. 262-1995, SEC.90.