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
Title 28. Financial Institutions
Article 14. Corporate Fiduciaries
28-14-3-3. Articles of Incorporation
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
28-14-3-9. 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
28-14-3-17. 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
28-14-3-21. Appointment by Court Having Jurisdiction; Power to Renounce Appointment
28-14-3-23. Service as Successor Trustee