Sec. 7. If any bank or trust company is acting as the administrator, coadministrator, executor, coexecutor, trustee or cotrustee of or in respect to any estate or trust or guardian of any person or estate which is being administered under the laws of this state, or has been named or designated as such in any will or other writing theretofore executed, such relation, as well as any and all other similar fiduciary relations, and all rights, privileges, duties and obligations connected therewith shall remain unimpaired, and shall continue into and in such national banking association from and as of the time of the taking effect of such merger, consolidation or conversion, irrespective of the date when any such relation shall have been created or established, and irrespective of the date of any agreement relating thereto or of the date of the death of any testator or decedent whose estate is being so administered.
Formerly: Acts 1953, c.69, s.7.
Structure Indiana Code
Title 28. Financial Institutions
Article 3. Liquidation, Reorganization, and Merger
Chapter 2. Merger─state Banks and National Associations
28-3-2-1. Authority to Convert, Merge, or Consolidate
28-3-2-2. Plan of Conversion, Merger, or Consolidation; Required Approvals
28-3-2-3. Shareholders' Meeting; Completion of Conversion, Merger, or Consolidation
28-3-2-5. Effect of Conversion, Merger, or Consolidation on Obligations of State Bank
28-3-2-7. Effect of Conversion, Merger, or Consolidation on Fiduciary Relations of State Bank