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2018 Indiana Code
TITLE 30. Trusts and Fiduciaries
ARTICLE 2. GENERAL PROVISIONS
CHAPTER 9. Prepaid Funeral Plans and Funeral Trust Funds Established Before 1982
30-2-9-2. Deposit of funds; investments
Universal Citation: IN Code § 30-2-9-2 (2018)
IC 30-2-9-2 Deposit of funds; investments
Sec. 2. All trust funds paid under section 1(a) of this chapter shall be deposited in a bank or trust company whose principal office is in this state, or invested in a savings and loan, or building and loan association whose principal office is in this state, in the name of the trustee, as trustee, within thirty (30) days after receipt thereof, and shall be held by such trustee in trust, subject to the provisions of this chapter.
Formerly: Acts 1963, c.303, s.2. As amended by Acts 1978, P.L.133, SEC.3.
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