Indiana Code
Chapter 3. Powers and Duties
28-14-3-22. Nonresident Fiduciaries; Establishment of Indiana Office; Rights, Privileges, and Restrictions

Sec. 22. (a) Subject to IC 28-1-22, a corporate fiduciary, trust company, or bank that is organized and doing business under the laws of any state, territory, or district other than Indiana, including a national bank or national trust company that is primarily domiciled in any other state, may establish an office to conduct business as a fiduciary in Indiana if the law of the state, territory, or district in which the corporate fiduciary, trust company, or bank is primarily domiciled would allow an Indiana bank, an Indiana corporate fiduciary, or an Indiana trust company to establish a place of business or an agency in that state, territory, or district for the conduct of business as a fiduciary.
(b) A corporate fiduciary, trust company, or bank that is organized and doing business under the laws of any state, territory, or district other than Indiana, including a national bank or national trust company that is primarily domiciled in any other state, has the same rights, privileges, and restrictions, including capital requirements, as an Indiana bank, an Indiana corporate fiduciary, or an Indiana trust company of like character or charter, and to the same extent as if the corporate fiduciary, trust company, or bank organized and doing business under the laws of any state, territory, or district other than Indiana had been organized under this article, to transact the business for which a certificate of admission is issued.
As added by P.L.262-1995, SEC.90. Amended by P.L.192-1997, SEC.29; P.L.27-2012, SEC.109.

Structure Indiana Code

Indiana Code

Title 28. Financial Institutions

Article 14. Corporate Fiduciaries

Chapter 3. Powers and Duties

28-14-3-1. Scope of Chapter

28-14-3-2. Corporate Name

28-14-3-3. Articles of Incorporation

28-14-3-4. Loans

28-14-3-5. Securities Held by Clearing Corporation

28-14-3-6. United States Government Securities

28-14-3-7. Benefits; Incentives; Stock Purchase Programs

28-14-3-8. Subsidiaries

28-14-3-9. Investment and Reinvestment of Assets

28-14-3-10. Acting as Fiscal or Transfer Agent

28-14-3-11. Acting as Insurance Producer for Sale of Annuity Contract or Life Insurance Policy

28-14-3-12. Appointment as Commissioner for Sale of Real Estate; Guardian of Minor or Incapacitated Persons; Trustee, Receiver, Conservator, or Committee of Property or Estate in Insolvency or Bankruptcy Proceedings; Depository of Funds Paid Into Cou...

28-14-3-13. Appointment as Executor, Testamentary Trustee, or Administrator; Corporate Successor to Will Nominee; Co-Fiduciary With Natural Person; Bond or Security

28-14-3-14. Appointment Upon Application or Consent of Person Acting or Entitled to Serve as Guardian, Trustee, Executor, or Administrator

28-14-3-15. Trusts

28-14-3-16. Power to Act in Fiduciary Capacity; Acting as Commissioner for Sale of Real Estate Without Bond or Security; Administration of Oaths

28-14-3-17. Pledge or Deposit of Assets Prohibited

28-14-3-18. Receipt of Property Upon Deposit for Safekeeping or in Escrow

28-14-3-19. Compensation for Fiduciary Services; Counsel Fees

28-14-3-20. Compensation or Commission for Loan Negotiation or Trust Execution Not Considered Interest or Usury

28-14-3-21. Appointment by Court Having Jurisdiction; Power to Renounce Appointment

28-14-3-22. Nonresident Fiduciaries; Establishment of Indiana Office; Rights, Privileges, and Restrictions

28-14-3-23. Service as Successor Trustee

28-14-3-24. Credit Union Service Organizations

28-14-3-25. Powers Relating to Common Trust Funds