Pledge or deposit of assets prohibited

Ind. Code § 28-14-3-17
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 17. A corporate fiduciary shall not pledge or deposit any of its assets as a condition to the exercise of its powers as a fiduciary. As added by P.L.262-1995, SEC.90.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements