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2017 Indiana Code
TITLE 30. Trusts and Fiduciaries
ARTICLE 1. SALES OF SECURITIES AND INVESTMENTS BY FIDUCIARIES
CHAPTER 8. Common Trust Funds
30-1-8-4. Participation; proportionate interest
Universal Citation: IN Code § 30-1-8-4 (2017)
IC 30-1-8-4 Participation; proportionate interest
Sec. 4. Each fiduciary investment placed in every such common trust fund shall participate on the basis of a proportionate interest in all of the assets and income of the fund, and may be evidenced in writing or otherwise at the option of the bank administering the fund, but not in any form which purports to be negotiable or assignable.
Formerly: Acts 1949, c.70, s.4.
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