1-2(a) exist with respect to the corporate fiduciary; or(2) the appointment of a conservator is necessary to conserve the assets of the corporate fiduciary for the benefit of:(A) creditors of the corporate fiduciary;(B) the beneficiaries of trusts and other fiduciary accounts administered by the corporate fiduciary; or(C) other persons for whom the corporate fiduciary acts in a fiduciary capacity.(b) A conservator appointed under this section shall give any bond or security that the department considers appropriate.(c) The department may appoint any competent and disinterested person as a conservator under this section.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
Indiana Legal Code