# Ind. Code § 28-1-11-1: General and enumerated rights, privileges, and powers; "bank or trust company"

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-1

## Section

- **Citation:** Ind. Code § 28-1-11-1
- **Heading:** General and enumerated rights, privileges, and powers; "bank or trust company"
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 1 / Chapter 11 / Section 28-1-11-1

## Text

Sec. 1. (a) In addition to the general rights, privileges, and powers conferred by IC 28-1-5 through IC 28-1-9 and subject to the limitations and restrictions contained in this article and in the articles of incorporation, every bank or trust company shall possess and may exercise the rights, privileges, and powers enumerated in this chapter.

(b) Unless the language used specifically indicates otherwise, the terms "bank or trust company" and "bank and trust company" as used in IC 28-1-11 through IC 28-1-20 mean any bank or trust company organized under this article and any bank of discount and deposit, loan and trust and safe deposit company, or trust company organized under any statute enacted prior to February 24, 1933.

Formerly: Acts 1933, c.40, s.170. As amended by P.L.263-1985, SEC.58; P.L.3-1990, SEC.101; P.L.14-1992, SEC.80; P.L.42-1993, SEC.26; P.L.136-1994, SEC.1; P.L.27-2012, SEC.49.

## Nearby sections

- [Ind. Code § 28-1-11-1 General and enumerated rights, privileges, and powers; "bank or trust company"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-1.md)
- [Ind. Code § 28-1-11-2 Fiscal or transfer agent; transportation agent; insurance producer or broker; attorney in fact](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.md)
- [Ind. Code § 28-1-11-2.5 Sale of life insurance policy or annuity contract](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.5.md)
- [Ind. Code § 28-1-11-2.6 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-2.6.md)
- [Ind. Code § 28-1-11-3 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-3.md)
- [Ind. Code § 28-1-11-3.1 Powers necessary and usual in carrying on banking business; enumerated powers; application of rules](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-3.1.md)
- [Ind. Code § 28-1-11-3.2 Request to exercise rights and privileges granted to national bank; procedures; appeal](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-3.2.md)
- [Ind. Code § 28-1-11-4 Investments; deposit of funds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-4.md)
- [Ind. Code § 28-1-11-5 Real estate](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-5.md)
- [Ind. Code § 28-1-11-6 Appointment as fiduciary](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-6.md)
- [Ind. Code § 28-1-11-7 Testamentary and probate fiduciary appointments](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-7.md)
- [Ind. Code § 28-1-11-8 Appointment as successor guardian, trustee, executor, or administrator](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-8.md)
- [Ind. Code § 28-1-11-9 Trust business](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-9.md)
- [Ind. Code § 28-1-11-10 Service as fiduciary without bond; judicial control; requirement of security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-10.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C11_S28-1-11-1. Check the current official text before relying on it. Not legal advice.