Sec. 3. Each common trust fund administered by such bank shall be established and maintained in accordance with a written plan approved by a resolution of its board of directors and by competent legal counsel, which shall contain provisions not inconsistent with said regulations as to the manner in which the fund is to be operated, and define the rights of participants therein.
Formerly: Acts 1949, c.70, s.3.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Article 1. Sales of Securities and Investments by Fiduciaries
30-1-8-2. Establishment; Conformity With Internal Revenue Code
30-1-8-3. Written Plans; Rights of Participants
30-1-8-4. Participation; Proportionate Interest
30-1-8-5. Governing Laws and Regulations
30-1-8-7. Common Trust Funds for Funds Held by Other Bank, Trust Company, or Affiliate as Fiduciary