Sec. 2. (a) If real property referred to in section 1(b)(3) of this chapter is held for one (1) year without being used by the corporate fiduciary as an office or a facility, the board of directors of the corporate fiduciary shall state by resolution definite plans for the use of the real property.
(b) A resolution adopted under this section shall be made available for inspection by the department.
As added by P.L.262-1995, SEC.90.
Structure Indiana Code
Title 28. Financial Institutions
Article 14. Corporate Fiduciaries
Chapter 4. Real Estate Powers of Corporate Fiduciaries
28-14-4-1. Power to Purchase or Convey Real Estate Necessary for Convenient Transaction of Business
28-14-4-2. Real Property Held Without Use for One Year
28-14-4-3. Real Property Held Without Use for More Than Three Years
28-14-4-4. Real Property Held Without Use for More Than Ten Years