Sec. 23. The provisions of 30-4-5-21 shall be effective as to trusts to which such section applies in accordance with the following subsections (a) and (b):
(a) With respect to each such trust first existing on or after January 1, 1970, the provisions of 30-4-5-21 shall be effective from and after the date such trust comes into existence.
(b) With respect to each such trust existing before January 1, 1970, the provisions of 30-4-5-21 shall be effective during taxable years commencing after December 31, 1971.
Formerly: Acts 1971, P.L.416, SEC.6.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 5. Rules Governing the Administration of a Trust
30-4-5-0.5. Application of Uniform Principal and Income Act
30-4-5-12. Accounting by Trustees
30-4-5-13. Content of Written Statements of Account Filed With the Court
30-4-5-14. Settlements; Objections; Hearing; Surcharge
30-4-5-14.5. Nonjudicial Settlement; Procedures
30-4-5-16. Right to Compensation
30-4-5-17. Compensation if Trustee Breaches Trust
30-4-5-18. Private Foundations
30-4-5-20. Private Corporate Foundations; Effective Dates of Ic 30-4-5-18
30-4-5-21. Trusts for Benevolent Public Purpose; General Rules
30-4-5-25. "Interested Person"; Matters Resolved by Nonjudicial Settlement Agreement