Indiana § 27-1-40-1 - "Trusteed surplus"
Full text of Indiana Indiana Code § 27-1-40-1 — "Trusteed surplus", with citation guidance and answers to common questions.
§ 27-1-40-1. "Trusteed surplus"
Sec. 1. As used in this chapter, "trusteed surplus" means the aggregate value of a United States branch's:
(1) surplus and reserve funds required under IC 27-1-6; and
(2) trust assets described in section 4 of this chapter;
plus investment income accrued on the items described in subdivisions (1) and (2) if the investment income is collected by the state for the trustees, less the aggregate net amount of all of the United States branch's reserves and other liabilities in the United States, as determined under section 6 of this chapter.
As added by P.L.173-2007, SEC.20. Amended by P.L.3-2008, SEC.210.
Frequently Asked Questions About Indiana § 27-1-40-1
What does Indiana Code § 27-1-40-1 cover?
Section 27-1-40-1 (""Trusteed surplus"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-1-40-1?
A common citation format is "Indiana Code § 27-1-40-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-1-40-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.