Sec. 17. (a) Every power, beneficial or in trust, shall be irrevocable, unless an authority to revoke it is reserved in the instrument creating the same.
(b) This section does not apply to any power of attorney, regardless of when the power of attorney was created.
Formerly: Acts 1852, 1RS, c.113, s.17. As amended by Acts 1982, P.L.178, SEC.1.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Article 1. Sales of Securities and Investments by Fiduciaries
Chapter 9. Resulting Trusts and Powers
30-1-9-8. Resulting Trust; Absolute Conveyance Without Consent
30-1-9-14. Reserving Absolute Power of Revocation
30-1-9-15. Disposition More Extensive Than Power