Sec. 81.5. (a) “Fiduciary capacity”, for purposes of IC 13-23-13, means the capacity of a person in holding title to an underground storage tank or aboveground storage tank pursuant to the exercise of the responsibilities of the person as a fiduciary.

     (b) “Fiduciary capacity”, for purposes of IC 13-24-1, means the capacity of a person in holding title to a petroleum facility pursuant to the exercise of the responsibilities of the person as a fiduciary.

Terms Used In Indiana Code 13-11-2-81.5

  • Fiduciary: A trustee, executor, or administrator.
     (c) “Fiduciary capacity”, for purposes of IC 13-25-4, means the capacity of a person in holding title to a vessel or facility pursuant to the exercise of the responsibilities of the person as a fiduciary.

As added by P.L.90-1998, SEC.3. Amended by P.L.176-2023, SEC.16.