Indiana Code
Chapter 14. Uniform Principal and Income Act
30-2-14-0.1. Application of Chapter; Application of Certain Amendments to Chapter

Sec. 0.1. (a) This chapter applies to the following:
(1) Every trust existing on or created after January 1, 2003, except as otherwise expressly provided in this chapter or by the terms of the trust.
(2) Every decedent's estate existing on or created after January 1, 2003, to the extent that under other applicable law or the decedent's will, the personal representative of the estate is required or allowed to account for and distribute income received during administration of the estate separately from the corpus.
(b) The amendments made to section 31 of this chapter by P.L.143-2009 apply to a trust described in section 31(h) of this chapter, on and after the following dates:
(1) If the trust is not funded as of July 1, 2009, the date of the decedent's death.
(2) If the trust is initially funded in the calendar year beginning January 1, 2009, the date of the decedent's death.
(3) If the trust is not described in subdivision (1) or (2), January 1, 2009.
(c) The amendments made to this section and to sections 3, 12, 14, 18, 19, 20, 21, and 38 of this chapter and the addition of section 13.5 of this chapter by legislation enacted in the 2014 regular session of the general assembly apply to the following:
(1) The estate of a decedent dying on or after July 1, 2013.
(2) In the case of a trust existing on or created after January 1, 2003:
(A) to the principal and income receipts of the trust; and
(B) to distributions received and made by the trust before, on, or after July 1, 2013.
As added by P.L.220-2011, SEC.486. Amended by P.L.51-2014, SEC.8.

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