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§ 28-14-4-2 — 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. § 28-14-4-2
Indiana Legal Code

§ 28-14-4-2

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(a) If real property referred to in section 1(b)(3) of this chapter is held for one (1) year without being used by the corporate fiduciary as an office or a facility, the board of directors of the corporate fiduciary shall state by resolution definite plans for the use of the real property.(b) A resolution adopted under this section shall be made available for inspection by the department.As added by P.L.262-1995, SEC.90.