Sec. 3. (Judgment Lien against the Trustee or Beneficiary)
(a) A judgment against a person individually who may also be a trustee shall not be a lien against the trust estate.
(b) When trust property is properly sold or disposed of by the trustee to a third person, the liens against a beneficiary's interest in the trust estate, if any, will be divested from that property and will attach to the interest of that beneficiary in the proceeds from its sale or other disposition.
Formerly: Acts 1971, P.L.416, SEC.5.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 4. Rules Governing the Rights of Third Parties
30-4-4-1. Presumption of Trustee's Authority
30-4-4-2. Transfers by the Trustee to Third Persons
30-4-4-3. Judgment Lien Against the Trustee or Beneficiary
30-4-4-4. Disclosure of Information Concerning Beneficiaries
30-4-4-5. Certification of Trust; Contents; Liability of Person Relying on Certification of Trust