Bill Title: Management of funeral trust accounts. Provides that the bank, trust company, savings association, or credit union that receives the payments made by the settlor of a funeral trust may enter into a contract under which the settlor's account will be managed by a third party. Requires that the third party be an investment adviser registered with the United States Securities and Exchange Commission or with the Indiana securities commissioner. Requires an investment adviser managing a funeral trust settlor's account to comply with the Indiana Uniform Prudent Investor Act.

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Passed) 2015-04-23 - Public Law 53 [SB0447 Detail]

Text: Latest bill text (Enrolled) [PDF]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	House - Third reading	2015-03-31	95	0	2	3	100	Passed	Link	View
House	House Committee on Financial Institutions - Committee Vote	2015-03-25	10	0	0	3	13	Passed	Link	View
Senate	Senate - Third reading	2015-02-24	49	1	0	0	50	Passed	Link	View
Senate	Senate Committee on Insurance & Financial Institutions - Committee Vote	2015-02-19	9	0	0	0	9	Passed	Link	View

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