Indiana Code
Chapter 6. General Powers of a Savings Bank
28-6.1-6-18. Acting in Probate

Sec. 18. (a) A savings bank may do any of the following:
(1) Act as the personal representative of the estate of a deceased individual.
(2) Act as the trustee under the last will and testament of a deceased individual.
(3) Act under court appointment as personal representative or trustee under a last will and testament, when the savings bank is the successor to a corporation appointed in the last will and testament.
(b) When an individual is appointed with a savings bank as receiver, guardian, commissioner, trustee, or personal representative, the individual's appointment may be under the limitation of powers and upon the terms and conditions of possession and control of the trust assets by the savings bank, or otherwise. If the individual is required to give bond or security, the bond or security shall be as:
(1) the individual and the savings bank agree; and
(2) approved by the court or judge making the appointment.
(c) When an individual who is appointed in a fiduciary capacity is required to give a bond or security for the faithful performance of duties, the savings bank may guarantee or become surety for the individual if:
(1) the savings bank takes possession and control of the assets involved; and
(2) approved by the court having jurisdiction of the fiduciary.
As added by P.L.42-1993, SEC.72.

Structure Indiana Code

Indiana Code

Title 28. Financial Institutions

Article 6.1. Savings Banks

Chapter 6. General Powers of a Savings Bank

28-6.1-6-1. Discounting, Negotiating, Selling, and Guaranteeing Evidences of Debt

28-6.1-6-2. Buying and Selling Exchange, Coin, and Bullion

28-6.1-6-3. Loaning Money; Engaging in Tax Equity Finance Transactions

28-6.1-6-4. Borrowing Money

28-6.1-6-5. Receiving Savings and Demand Deposits

28-6.1-6-6. Receiving Deposits of Securities and Personal Property

28-6.1-6-7. Contracting for and Receiving Highest Rate of Interest

28-6.1-6-8. Accepting Drafts for Future Payment; Issuing Letters of Credit

28-6.1-6-9. Exercising General Banking Powers; Issuing Money

28-6.1-6-10. Receiving Deposits of State and Federal Public Funds

28-6.1-6-11. Acting as Fiscal or Transfer Agent of Government Bodies

28-6.1-6-12. Transferring, Registering, and Countersigning Certificates of Stock, Bonds, and Other Evidences of Indebtedness

28-6.1-6-13. Acting as Agent to Buy and Sell Transportation

28-6.1-6-14. Soliciting and Writing Insurance; Acting as Insurance Producer for Life Insurance or Annuity; Prohibitions; Authority to Purchase and Hold Life Insurance

28-6.1-6-15. Acting as Attorney

28-6.1-6-16. Receiving Personal Property for Deposit

28-6.1-6-17. Acting Under Court Appointment

28-6.1-6-18. Acting in Probate

28-6.1-6-19. Acting as Guardian, Trustee, or Personal Representative

28-6.1-6-20. Taking, Accepting, and Executing Trusts

28-6.1-6-21. Acting in Fiduciary Capacity

28-6.1-6-22. Receiving Fees, Commissions, Gifts, and Things of Value

28-6.1-6-22.5. Profit or Commission on Sales or Purchases; Necessity of Specific Authorization; Surcharge

28-6.1-6-23. Requesting Mergers, Consolidations, and Joinings

28-6.1-6-24. Request to Exercise Rights and Privileges Granted to National Banks; Appeal

28-6.1-6-25. Requirement to Provide Property Tax Information in Certain Transactions

28-6.1-6-26. Authorization for Savings Banks to Use Fiduciary Funds in Conflict of Interest Transactions; Conditions; Notice; Required Consent