Sec. 13. If the court finds that the conversion, reconversion, or change in the unitrust rate under this chapter will enable the trustee to better carry out:
(1) in the case of a trust described in section 2(1) of this chapter, the intent of the settlor or testator and the purposes of the trust; or
(2) in the case of a trust described in section 2(2) of this chapter, the perpetual care (as defined in IC 23-14-33-30) of the cemetery;
the court shall approve the conversion, reconversion, or change in the unitrust rate under this chapter.
As added by P.L.3-2003, SEC.2. Amended by P.L.33-2019, SEC.10.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 15. Total Return Unitrusts
30-2-15-1. "Current Valuation Year"
30-2-15-3. "Net Fair Market Value"
30-2-15-4. "Total Return Unitrust"
30-2-15-9. Trustee's Power to Convert Trust, Reconvert Trust, and Change Unitrust Rate
30-2-15-10. Acting Without Court Approval
30-2-15-11. Petition by Trustee
30-2-15-12. Petition by Trust Beneficiary
30-2-15-13. When Court Shall Approve Conversion, Reconversion, or Change in Rate
30-2-15-14. Reconversion's Release of Power to Adjust Void
30-2-15-15. Conversion to Unitrust; Unitrust Rate
30-2-15-15.2. Unitrust Rate for a Cemetery Perpetual Care Fund
30-2-15-16. Unitrust Amount; Initial Two Years of Trust
30-2-15-17. Unitrust Amount; Successive Years
30-2-15-18. Net Fair Market Value of Unitrust Assets
30-2-15-20. Prohibited Reduction in Unitrust Amount
30-2-15-21. Adjusting Net Fair Market Values of Assets
30-2-15-22. Prorating Unitrust Amount in Short Year
30-2-15-23. Unitrust Amount's Satisfying Tax Law Requirement of Preserving Tax Benefit
30-2-15-24. Construing the Governing Instrument