Indiana § 28-14-4-1 - Power to purchase or convey real estate necessary for convenient transaction of business
Full text of Indiana Indiana Code § 28-14-4-1 — Power to purchase or convey real estate necessary for convenient transaction of business, with citation guidance and answers to common questions.
§ 28-14-4-1. Power to purchase or convey real estate necessary for convenient transaction of business
Sec. 1. (a) A corporate fiduciary has the power to purchase, hold, and convey real estate as necessary for the convenient transaction of its business.
(b) Real property that may be purchased or held for the convenient transaction of the business of a corporate fiduciary includes the following:
(1) Real property on which the principal office or a trust office of the corporate fiduciary is located.
(2) Real property that is the location of facilities supporting the operations of the corporate fiduciary.
(3) Real property that the board of directors expects, in good faith, to use as an office or a facility in the future.
As added by P.L.262-1995, SEC.90.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-14-4-1
What does Indiana Code § 28-14-4-1 cover?
Section 28-14-4-1 ("Power to purchase or convey real estate necessary for convenient transaction of business") 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 § 28-14-4-1?
A common citation format is "Indiana Code § 28-14-4-1" (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 § 28-14-4-1 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.