Indiana § 28-2-13-26 - Trust office; powers; prohibited actions
Full text of Indiana Indiana Code § 28-2-13-26 — Trust office; powers; prohibited actions, with citation guidance and answers to common questions.
§ 28-2-13-26. Trust office; powers; prohibited actions
Sec. 26. (a) A bank, trust company, corporate fiduciary, or savings bank organized under the laws of Indiana or the laws of any other state or the United States may establish a trust office to exercise its powers as a fiduciary to conduct business in any location that is approved by the department. Before the department approves a trust office to exercise powers as a fiduciary under this subsection, it must determine to its satisfaction that the bank, trust company, corporate fiduciary, or savings bank will have adequate capital, sound management, and adequate future earnings prospects after the establishment of the trust office.
(b) A trust office established under this section by a bank, trust company, or savings bank shall not:
(1) receive deposits;
(2) pay checks; or
(3) lend money;
at the trust office.
As added by P.L.122-1994, SEC.88. Amended by P.L.262-1995, SEC.55; P.L.258-2003, SEC.7; P.L.27-2012, SEC.76.
IC 28-2-14Chapter 14. Indiana Bank Holding Companies
28-2-14-1Acquire 28-2-14-2Bank 28-2-14-3Bank holding company 28-2-14-4Bank subsidiary 28-2-14-5Company 28-2-14-6Control 28-2-14-7Department 28-2-14-8Deposits 28-2-14-9Repealed 28-2-14-10Acquisitions of banks and bank holding companies 28-2-14-11Repealed 28-2-14-12Bank or bank holding companies; application for acquisition; investigation; hearing; approval or disapproval 28-2-14-13Request for hearing upon fairness of issuance and exchange of stock; hearing; issuance of securities 28-2-14-14Findings of fact 28-2-14-15Exemption from certain requirements 28-2-14-16Suit to enjoin conduct or for damages by injured person; suit by department 28-2-14-17Rules 28-2-14-18Succession to trust business of affiliated financial institution; resolution; filing; effective date 28-2-14-19Assumed business names; bank holding companies; resolutions
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-2-13-26
What does Indiana Code § 28-2-13-26 cover?
Section 28-2-13-26 ("Trust office; powers; prohibited actions") 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 § 28-2-13-26?
A common citation format is "Indiana Code § 28-2-13-26" (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 § 28-2-13-26 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.