1. (a) Deposit accounts are eligible investments for trust funds administered by a savings association.
2. (b) As a fiduciary, a savings association must comply with the provisions of IC 30-4-3-7 .
3. (c) A fiduciary has all rights and privileges of a member of a mutual savings association except the right to hold office or serve on the board of the savings association.

As added by P.L.193-1997, SEC.2.