Sec. 2. It shall be lawful for the personal representative to agree with his surety for the deposit of any or all money and other assets of the estate with a bank, safe deposit or trust company, authorized by law to do business as such, or other depository approved by the court, if such deposit is otherwise proper, in such manner as to prevent the withdrawal of such moneys or other assets without the written consent of the surety, or on order of the court made on such notice to the surety as the court may direct.
Formerly: Acts 1953, c.112, s.1102.
Structure Indiana Code
Chapter 11. Bond of Personal Representative
29-1-11-1. Conditions Requiring Execution and Filing
29-1-11-2. Deposit of Money or Assets; Withdrawal
29-1-11-3. Run to State; Joint and Several Liability; Conflict of Laws
29-1-11-4. Joint Representatives; Personal Representative as Surety
29-1-11-5. Affidavit of Surety; Value of Property
29-1-11-6. Sufficiency; Value of Assets; Evidence of Title
29-1-11-7. Failure to Give Bond; Successor; Revocation of Letters
29-1-11-9. New Bond; Release of Surety; Accounting
29-1-11-10. Breach of Obligation; Damages; Intervention
29-1-11-11. Validity; Bound to Full Extent; Action on Defective Bond