Sec. 1.5. (a) A corporate fiduciary must have at least the minimum capital necessary for the safe and sound operation of the corporate fiduciary.
(b) For the purposes of this section, the department shall determine the minimum capital that is necessary for the safe and sound operation of a corporate fiduciary.
As added by P.L.262-1995, SEC.83.
Structure Indiana Code
Title 28. Financial Institutions
Article 12. Formation of Banks, Trust Companies, and Building and Loan Associations
Chapter 11. Capital Requirements for Corporations
28-12-11-1. Requirements for Corporations Organized or Reorganized Under This Title
28-12-11-2. Requirements for Corporations Merged With Existing Corporations
28-12-11-3. Requirements for Savings Associations Organized or Recognized Under This Title