Sec. 4. Real property referred to in section 1(b)(3) of this chapter may not be held for more than ten (10) years without being used as a corporate fiduciary office or facility unless the director consents in writing to the continued holding of the real estate by the corporate fiduciary.
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