Indiana Code 32-17.5-2-5. “Fiduciary”
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Sec. 5. “Fiduciary” means:
(2) a person authorized to act as a fiduciary with respect to the property of another person.
(1) a personal representative, a trustee, or an agent acting under a power of attorney; or
Terms Used In Indiana Code 32-17.5-2-5
- Fiduciary: A trustee, executor, or administrator.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Trustee: A person or institution holding and administering property in trust.
As added by P.L.5-2003, SEC.1.