Indiana § 28-14-2-2 - Powers of nondepository trust company
Full text of Indiana Indiana Code § 28-14-2-2 — Powers of nondepository trust company, with citation guidance and answers to common questions.
§ 28-14-2-2. Powers of nondepository trust company
Sec. 2. A nondepository trust company that is organized under the laws of Indiana after June 30, 1995, has only the powers granted to a corporate fiduciary organized after June 30, 1995.
As added by P.L.262-1995, SEC.90.
IC 28-14-3Chapter 3. Powers and Duties
28-14-3-1Scope of chapter 28-14-3-2Corporate name 28-14-3-3Articles of incorporation 28-14-3-4Loans 28-14-3-5Securities held by clearing corporation 28-14-3-6United States government securities 28-14-3-7Benefits; incentives; stock purchase programs 28-14-3-8Subsidiaries 28-14-3-9Investment and reinvestment of assets 28-14-3-10Acting as fiscal or transfer agent 28-14-3-11Acting as insurance producer for sale of annuity contract or life insurance policy 28-14-3-12Appointment as commissioner for sale of real estate; guardian of minor or incapacitated persons; trustee, receiver, conservator, or committee of property or estate in insolvency or bankruptcy proceedings; depository of funds paid into court; other fiduciary capacities 28-14-3-13Appointment as executor, testamentary trustee, or administrator; corporate successor to will nominee; co-fiduciary with natural person; bond or security 28-14-3-14Appointment upon application or consent of person acting or entitled to serve as guardian, trustee, executor, or administrator 28-14-3-15Trusts 28-14-3-16Power to act in fiduciary capacity; acting as commissioner for sale of real estate without bond or security; administration of oaths 28-14-3-17Pledge or deposit of assets prohibited 28-14-3-18Receipt of property upon deposit for safekeeping or in escrow 28-14-3-19Compensation for fiduciary services; counsel fees 28-14-3-20Compensation or commission for loan negotiation or trust execution not considered interest or usury 28-14-3-21Appointment by court having jurisdiction; power to renounce appointment 28-14-3-22Nonresident fiduciaries; establishment of Indiana office; rights, privileges, and restrictions 28-14-3-23Service as successor trustee 28-14-3-24Credit union service organizations 28-14-3-25Powers relating to common trust funds
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-14-2-2
What does Indiana Code § 28-14-2-2 cover?
Section 28-14-2-2 ("Powers of nondepository trust company") 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 § 28-14-2-2?
A common citation format is "Indiana Code § 28-14-2-2" (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 § 28-14-2-2 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.