Real Property Held Without Use for More Than Ten Years

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Sec. 4. Real property referred to in section 1(b)(3) of this chapter may not be held for more than ten (10) years without being used as a corporate fiduciary office or facility unless the director consents in writing to the continued holding of the real estate by the corporate fiduciary.

As added by P.L.262-1995, SEC.90.


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