Ind. Code § 28-6.1-6-20

Current through P.L. 171-2024

Section 28-6.1-6-20 - Taking, accepting, and executing trusts

A savings bank may do any of the following:

(1) Take, accept, and execute a legal trust, duties, and powers in regard to:

(A) the holding, management, sale, or disposition of property; and

(B) the rents and profits from that property;

that are granted or confided to the savings bank by any authority.

(2) Take, accept, and execute a trust and any powers that may be conferred upon the savings bank by any authority.

(3) Generally execute legal trusts of every description.

IC 28-6.1-6-20

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