Indiana § 30-2-10-8.5 - Management of settlor's funds by registered investment adviser
Full text of Indiana Indiana Code § 30-2-10-8.5 — Management of settlor's funds by registered investment adviser, with citation guidance and answers to common questions.
§ 30-2-10-8.5. Management of settlor's funds by registered investment adviser
Sec. 8.5. (a) The bank, trust company, savings association, or credit union that receives the payments made by a settlor under section 2 of this chapter may enter into a contract under which the account into which the settlor's payments are deposited is managed by a third party.
(b) To manage the funds in a settlor's account under subsection (a), a third party must be:
(1) an investment adviser registered with the United States Securities and Exchange Commission under the federal Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.); or
(2) an investment adviser registered under IC 23-19-4.
(c) In managing the funds in a settlor's account under subsection (a), an investment adviser shall comply in all respects with the Indiana Uniform Prudent Investor Act under IC 30-4-3.5-1(c)(3).
As added by P.L.53-2015, SEC.1.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 30-2-10-8.5
What does Indiana Code § 30-2-10-8.5 cover?
Section 30-2-10-8.5 ("Management of settlor's funds by registered investment adviser") 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 § 30-2-10-8.5?
A common citation format is "Indiana Code § 30-2-10-8.5" (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 § 30-2-10-8.5 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.