Indiana Code 28-3-2-8. Effect of conversion, merger, or consolidation on letters of administration, letters testamentary, or trusteeship
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Terms Used In Indiana Code 28-3-2-8
- bank or trust company: means any bank or trust company organized under the provisions of any statute of this state; and
Indiana Code 28-3-2-9
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- national banking association: means any national bank organized under the laws of the United States. See Indiana Code 28-3-2-9
- Trustee: A person or institution holding and administering property in trust.
Sec. 8. Nothing done in connection with the merger or consolidation of any bank or trust company with, or the conversion of any bank or trust company into a national banking association shall be deemed to be or to effect a renunciation or revocation of any letters of administration or letters testamentary, pertaining to such relation, or a removal or resignation from any such executorship or trusteeship or any other fiduciary relationship, nor to be of the same effect as if the executor or trustee or other fiduciary had died or had otherwise become incompetent to act.
Formerly: Acts 1953, c.69, s.8.