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§ 28-14-4-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 14 - Corporate Fiduciaries/
  6. Chapter 4 - Real Estate Powers of Corporate Fiduciaries28-14-4-1. Power to Purchase or Convey Real Estate Necessary for Convenient Transaction of Business/
  7. § 28-14-4-1
Indiana Legal Code

§ 28-14-4-1

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(b) Real property that may be purchased or held for the convenient transaction of the business of a corporate fiduciary includes the following:(1) Real property on which the principal office or a trust office of the corporate fiduciary is located.(2) Real property that is the location of facilities supporting the operations of the corporate fiduciary.(3) Real property that the board of directors expects, in good faith, to use as an office or a facility in the future.As added by P.L.262-1995, SEC.90.