§ 28-14-4-1 Power to purchase or convey real estate necessary for convenient transaction of business
§ 28-14-4-2 Real property held without use for one year
§ 28-14-4-3 Real property held without use for more than three years
§ 28-14-4-4 Real property held without use for more than ten years
§ 28-14-4-5 Maximum limit of investment in real estate and buildings necessary for convenient transaction of business
§ 28-14-4-6 Investment in stock of corporation holding real estate and buildings used by corporate fiduciary

Terms Used In Indiana Code > Title 28 > Article 14 > Chapter 4 - Real Estate Powers of Corporate Fiduciaries

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5