Indiana Code
Title 30. Trusts and Fiduciaries

30-1-6-1. Administrators, Executors, and Guardians; Powers to Execute Leases; Term; Jurisdiction; Sale of Leases; Petition - Sec. 1. Administrators and executors of estates of deceased persons...

30-1-6-2. Sale of Leases; Order of Court; Notice; Royalties; Bonus - Sec. 2. Upon the filing of a petition under section...

30-1-6-3. Bidding; Report; Hearing; Endorsement - Sec. 3. In compliance with the terms of the order...

30-1-6-4. Consolidating With Adjoining Land; Joint Development - Sec. 4. Every guardian, executor, or administrator shall have the...

30-1-6-5. Acts Conclusive; Disaffirmance Denied - Sec. 5. Acts of guardians under this chapter are conclusive...

Chapter 7. Mining Contracts Executed by Guardians

30-1-7-1. Guardians of Minors and Incapacitated Persons; Option Contracts for Exploring - Sec. 1. Guardians of the estates of persons under the...

30-1-7-2. Petition to Execute Options; Prospectus - Sec. 2. Guardians of the estates of persons under the...

30-1-7-3. Hearing; Order of Court - Sec. 3. Upon the filing of such petition, the court...

30-1-7-4. Binding and Conclusive; Disaffirmance - Sec. 4. Said option and the deed or lease, as...

Chapter 8. Common Trust Funds

30-1-8-1. Definitions - Sec. 1. The words and phrases used in this chapter...

30-1-8-2. Establishment; Conformity With Internal Revenue Code - Sec. 2. Any Indiana bank or trust company or any...

30-1-8-3. Written Plans; Rights of Participants - Sec. 3. Each common trust fund administered by such bank...

30-1-8-4. Participation; Proportionate Interest - Sec. 4. Each fiduciary investment placed in every such common...

30-1-8-5. Governing Laws and Regulations - Sec. 5. Investment and reinvestment of the money paid into...

30-1-8-6. Repealed - Formerly: Acts 1949, c.70, s.6. As amended by Acts 1981,...

30-1-8-7. Common Trust Funds for Funds Held by Other Bank, Trust Company, or Affiliate as Fiduciary - Sec. 7. Any: (1) Indiana bank or trust company; or...

Chapter 9. Resulting Trusts and Powers

30-1-9-1. Repealed - Formerly: Acts 1852, 1RS, c.113, s.1. Repealed by Acts 1971,...

30-1-9-2. Repealed - Formerly: Acts 1852, 1RS, c.113, s.2. Repealed by Acts 1971,...

30-1-9-3. Repealed - Formerly: Acts 1852, 1RS, c.113, s.3. Repealed by Acts 1971,...

30-1-9-4. Repealed - Formerly: Acts 1852, 1RS, c.113, s.4. Repealed by Acts 1971,...

30-1-9-5. Repealed - Formerly: Acts 1852, 1RS, c.113, s.5. Repealed by Acts 1971,...

30-1-9-6. Resulting Trust - Sec. 6. When a conveyance for a valuable consideration is...

30-1-9-7. Repealed - Formerly: Acts 1852, 1RS, c.113, s.7. Repealed by P.L.144-1994, SEC.4.

30-1-9-8. Resulting Trust; Absolute Conveyance Without Consent - Sec. 8. The provisions of the section next before the...

30-1-9-9. Repealed - Formerly: Acts 1852, 1RS, c.113, s.9. As amended by Acts...

30-1-9-10. Repealed - Formerly: Acts 1852, 1RS, c.113, s.10. Repealed by Acts 1971,...

30-1-9-11. Repealed - Formerly: Acts 1852, 1RS, c.113, s.11. Repealed by Acts 1971,...

30-1-9-12. Repealed - Formerly: Acts 1852, 1RS, c.113, s.12. Repealed by Acts 1971,...

30-1-9-13. Repealed - Formerly: Acts 1852, 1RS, c.113, s.13. Repealed by Acts 1971,...

30-1-9-14. Reserving Absolute Power of Revocation - Sec. 14. A grantor of lands reserving an absolute power...

30-1-9-15. Disposition More Extensive Than Power - Sec. 15. No disposition by virtue of a power, shall...

30-1-9-16. Repealed - Formerly: Acts 1852, 1RS, c.113, s.16. Repealed by Acts 1975,...

30-1-9-17. Revocation - Sec. 17. (a) Every power, beneficial or in trust, shall...

30-1-9-18. Sale of Lands; Mortgage or Conveyance - Sec. 18. Where a power to sell lands shall be...

30-1-9-19. Power of Attorney; Conveyances - Sec. 19. The provisions of this chapter relative to powers,...

Article 2. General Provisions

Chapter 1. Repealed - Repealed by Acts 1971, P.L.416, SEC.8.

Chapter 1.5. Repealed - Repealed by P.L.275-1985, SEC.2.

Chapter 2. Repealed - Repealed by Acts 1971, P.L.416, SEC.8.

Chapter 3. Repealed - Repealed by Acts 1971, P.L.416, SEC.8.

Chapter 4. Uniform Fiduciaries Act

30-2-4-1. Definitions - Sec. 1. (a) In this chapter unless the context or...

30-2-4-2. Application of Payments Made to Fiduciaries - Sec. 2. A person who in good faith pays or...

30-2-4-3. Registration or Transfer of Securities Held by Fiduciaries - Sec. 3. If an executor, administrator, trustee, guardian or other...

30-2-4-4. Transfer of Negotiable Instrument by Fiduciary - Sec. 4. If any negotiable instrument payable or indorsed to...

30-2-4-5. Check Drawn by Fiduciary Payable to Third Person - Sec. 5. If a check or other bill of exchange...

30-2-4-6. Check Drawn by and Payable to Fiduciary - Sec. 6. If a check or other bill of exchange...

30-2-4-7. Deposit in Name of Fiduciary - Sec. 7. If a deposit is made in a bank...

30-2-4-8. Deposit in Name of Principal - Sec. 8. If a check is drawn upon the account...

30-2-4-9. Deposit in Fiduciary's Personal Account - Sec. 9. If a fiduciary makes a deposit in a...

30-2-4-10. Deposit in Names of Two or More Trustees - Sec. 10. When a deposit is made in a bank...

30-2-4-11. Prior Transactions - Sec. 11. The provisions of this chapter shall not apply...

30-2-4-12. Cases Not Provided For - Sec. 12. In any case not provided for in this...

30-2-4-13. Uniformity of Interpretation - Sec. 13. This chapter shall be so interpreted and construed...

30-2-4-14. Short Title - Sec. 14. This chapter may be cited as the Uniform...

Chapter 5. Uniform Act for the Simplification of Fiduciary Security Transfers

30-2-5-1. Definitions - Sec. 1. In this chapter and IC 30-2-6, unless the...

30-2-5-2. Registration in Name of Fiduciary - Sec. 2. A corporation or transfer agent registering a security...

30-2-5-3. Assignment by Fiduciary - Sec. 3. Except as otherwise provided in this chapter, a...

30-2-5-4. Evidence of Appointment or Incumbency - Sec. 4. A corporation or transfer agent making a transfer...

30-2-5-5. Adverse Claims - Sec. 5. (a) A person asserting a claim of beneficial...

30-2-5-6. Nonliability of Corporation or Transfer Agent - Sec. 6. A corporation or transfer agent incurs no liability...

30-2-5-7. Nonliability of Third Persons - Sec. 7. (a) No person who participates in the acquisition,...

30-2-5-8. Territorial Application - Sec. 8. (a) The rights and duties of a corporation...

30-2-5-9. Tax Obligations - Sec. 9. This chapter does not affect any obligation of...

30-2-5-10. Uniformity of Interpretation - Sec. 10. This chapter shall be so construed as to...

30-2-5-11. Short Title - Sec. 11. This chapter may be cited as the Uniform...

Chapter 6. Exemption of Employee Benefit Trusts From Rule Against Perpetuities

30-2-6-1. Contributions; Self-Employment Retirement Fund - Sec. 1. Either: (1) a trust created by an employer...

30-2-6-2. Income; Accumulation - Sec. 2. The income arising from any trust within the...

30-2-6-3. Termination of Trust; Limitation of Actions - Sec. 3. No rule of law against perpetuities or suspension...

Chapter 7. Uniform Act Governing Secured Creditors' Dividends in Liquidation Proceedings

30-2-7-1. Definitions - Sec. 1. As used in this chapter, unless the context...

30-2-7-2. Secured Creditors' Claim Must Disclose Security - Sec. 2. In a liquidation proceeding every secured creditor's claim...

30-2-7-3. Effect of Concealment - Sec. 3. Any secured creditor who with intent to evade...

30-2-7-4. Value of Security Credited Upon Claims - Sec. 4. Dividends paid to secured creditors shall be computed...

30-2-7-5. Determination of Value by Secured Creditor - Sec. 5. (1) By collection. When the asset constituting the...

30-2-7-6. Alternative Determination of Value - Sec. 6. Where valuation under the provisions of section 5...

30-2-7-7. Exempt Security Not Credited - Sec. 7. When any creditor has legal or equitable security...

30-2-7-8. Uniformity of Interpretation - Sec. 8. This chapter shall be so interpreted and construed...

30-2-7-9. Short Title - Sec. 9. This chapter may be cited as Uniform Act...

Chapter 8. Repealed - Repealed by P.L.267-1989, SEC.3.

Chapter 8.5. Indiana Uniform Transfers to Minors Act

30-2-8.5-1. "Adult" Defined - Sec. 1. As used in this chapter, "adult" means an...

30-2-8.5-2. "Benefit Plan" Defined - Sec. 2. As used in this chapter, "benefit plan" means...

30-2-8.5-3. "Broker" Defined - Sec. 3. As used in this chapter, "broker" means a...

30-2-8.5-4. "Custodial Property" Defined - Sec. 4. As used in this chapter, "custodial property" means:...

30-2-8.5-5. "Custodian" Defined - Sec. 5. As used in this chapter, "custodian" means a...

30-2-8.5-6. "Financial Institution" Defined - Sec. 6. As used in this chapter, "financial institution" means...

30-2-8.5-7. "Guardian" Defined - Sec. 7. As used in this chapter, "guardian" has the...

30-2-8.5-8. "Legal Representative" Defined - Sec. 8. As used in this chapter, "legal representative" means...

30-2-8.5-9. "Members of the Minor's Family" Defined - Sec. 9. As used in this chapter, "member of the...

30-2-8.5-10. "Minor" Defined - Sec. 10. As used in this chapter, "minor" means an...

30-2-8.5-11. "Person" Defined - Sec. 11. As used in this chapter, "person" means an...

30-2-8.5-12. "Personal Representative" Defined - Sec. 12. As used in this chapter, "personal representative" means...

30-2-8.5-13. "State" Defined - Sec. 13. As used in this chapter, "state" includes a...

30-2-8.5-14. "Transfer" Defined - Sec. 14. As used in this chapter, "transfer" means a...

30-2-8.5-15. "Transferor" Defined - Sec. 15. As used in this chapter, "transferor" means a...

30-2-8.5-16. "Trust Company" Defined - Sec. 16. As used in this chapter, "trust company" means...

30-2-8.5-17. Scope and Jurisdiction - Sec. 17. (a) This chapter applies to a transfer that...

30-2-8.5-18. Nomination of Custodian - Sec. 18. (a) A person having the right to designate...

30-2-8.5-19. Transfer by Gift or Exercise of Power of Appointment - Sec. 19. A person may make: (1) a transfer by...

30-2-8.5-20. Transfer Authorized by Will or Trust; Designation of Custodian - Sec. 20. (a) A personal representative or trustee may make...

30-2-8.5-21. Other Transfers by Fiduciary; Guardian as Custodian - Sec. 21. (a) A personal representative or trustee may make...

30-2-8.5-22. Transfer by Obligor - Sec. 22. (a) A person not subject to section 20...

30-2-8.5-23. Receipt for Custodial Property - Sec. 23. A written acknowledgement of delivery by a custodian...

30-2-8.5-24. Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control - Sec. 24. (a) Custodial property is created and a transfer...

30-2-8.5-25. Single Custodianship - Sec. 25. A transfer may be made only for one...

30-2-8.5-26. Validity and Effect of Transfer - Sec. 26. (a) The validity of a transfer made in...

30-2-8.5-27. Care of Custodial Property - Sec. 27. (a) A custodian shall: (1) take control of...

30-2-8.5-28. Powers of Custodian - Sec. 28. (a) A custodian acting in a custodial capacity...

30-2-8.5-29. Use of Custodial Property; Transfer of Property to Trust - Sec. 29. (a) A custodian may deliver or pay to...

30-2-8.5-30. Custodian's Expenses, Compensation, and Bond - Sec. 30. (a) A custodian is entitled to reimbursement from...

30-2-8.5-31. Exemption of Third Person From Liability - Sec. 31. A person in good faith and without court...

30-2-8.5-32. Liability to Third Person - Sec. 32. (a) A claim based on: (1) a contract...

30-2-8.5-33. Renunciation, Resignation, Death, or Removal of Custodian; Designation of Successor Custodian - Sec. 33. (a) A person nominated under section 18 of...

30-2-8.5-34. Accounting by and Determination of Liability of Custodian - Sec. 34. (a) A minor who is at least fourteen...

30-2-8.5-35. Termination of Custodianship - Sec. 35. The custodian shall transfer in an appropriate manner...

30-2-8.5-36. Applicability - Sec. 36. This chapter applies to a transfer within the...

30-2-8.5-37. Effect on Existing Custodianships - Sec. 37. (a) A transfer of custodial property made before...

30-2-8.5-38. Uniformity of Application and Construction - Sec. 38. This chapter shall be applied and construed to...

30-2-8.5-39. Severability - Sec. 39. The provisions of this chapter are severable in...

30-2-8.5-40. Written Election Concerning Custodial Property - Sec. 40. (a) If a transferor: (1) has transferred property...

Chapter 8.6. Uniform Custodial Trust Act

30-2-8.6-1. Applicability - Sec. 1. (a) This chapter applies to a transfer or...

30-2-8.6-2. Transfer Under Other State's Law; Enforcement - Sec. 2. A transfer made pursuant to an act of...

30-2-8.6-3. Construction - Sec. 3. This chapter shall be applied and construed to...

30-2-8.6-4. Citing Chapter - Sec. 4. This chapter may be cited as the "Indiana...

30-2-8.6-5. "Adult" - Sec. 5. As used in this chapter, "adult" means an...

30-2-8.6-6. "Beneficiary" - Sec. 6. As used in this chapter, "beneficiary" means an...

30-2-8.6-7. "Custodial Trust Property" - Sec. 7. As used in this chapter, "custodial trust property"...

30-2-8.6-8. "Custodial Trustee" - Sec. 8. As used in this chapter, "custodial trustee" means...

30-2-8.6-9. "Guardian" - Sec. 9. As used in this chapter, "guardian" has the...

30-2-8.6-10. "Incapacitated" - Sec. 10. As used in this chapter, "incapacitated" has the...

30-2-8.6-11. "Legal Representative" - Sec. 11. As used in this chapter, "legal representative" means...

30-2-8.6-12. "Member of the Beneficiary's Family" - Sec. 12. As used in this chapter, "member of the...

30-2-8.6-13. "Person" - Sec. 13. As used in this chapter, "person" means an...

30-2-8.6-14. "Personal Representative" - Sec. 14. As used in this chapter, "personal representative" has...

30-2-8.6-15. "State" - Sec. 15. As used in this chapter, "state" means a...

30-2-8.6-16. "Transferor" - Sec. 16. As used in this chapter, "transferor" means a...

30-2-8.6-17. "Trust Company" - Sec. 17. As used in this chapter, "trust company" means...

30-2-8.6-18. Creating a Custodial Trust - Sec. 18. (a) A person may create a custodial trust...

30-2-8.6-19. Terminating a Custodial Trust - Sec. 19. (a) Except as provided in subsection (b), a...

30-2-8.6-20. Adding Trust Property - Sec. 20. A person may augment existing custodial trust property...

30-2-8.6-21. Successor Custodial Trustee - Sec. 21. The transferor may: (1) designate; or (2) authorize...

30-2-8.6-22. Creation and Enforcement of Trust Under Other Law - Sec. 22. (a) This chapter does not supersede or restrict...

30-2-8.6-23. Custodial Trust Upon Occurrence of Future Event - Sec. 23. (a) A person having the right to designate...

30-2-8.6-24. Custodial Trustee's Acceptance of Trust Property - Sec. 24. (a) Obligations of a custodial trustee, including the...

30-2-8.6-25. Transfer for Use and Benefit of Incapacitated Individual - Sec. 25. (a) Unless otherwise directed by an instrument designating...

30-2-8.6-26. Multiple Beneficiaries - Sec. 26. (a) Beneficial interests in a custodial trust created...

30-2-8.6-27. Custodial Trustee's Powers and Duties - Sec. 27. (a) If appropriate, a custodial trustee shall register...

30-2-8.6-28. Rights and Powers - Sec. 28. (a) A custodial trustee acting in a fiduciary...

30-2-8.6-29. Distribution of Custodial Trust Property - Sec. 29. (a) If a beneficiary is not incapacitated, the...

30-2-8.6-30. Administering Custodial Trust for Incapacitated Beneficiary - Sec. 30. (a) The custodial trustee shall administer the custodial...

30-2-8.6-31. Reliance on Person Purporting to Be Custodial Trustee - Sec. 31. (a) A third person in good faith and...

30-2-8.6-32. Claim by Third Person Against Custodial Trustee - Sec. 32. (a) A claim based on: (1) a contract...

30-2-8.6-33. Resigning or Declining to Serve as Custodial Trustee - Sec. 33. (a) Before accepting the custodial trust property, a...

30-2-8.6-34. Compensation of Custodial Trustee - Sec. 34. Except as otherwise provided in the instrument creating...

30-2-8.6-35. Written Statement of Trust Administration; Petition for Accounting - Sec. 35. (a) Upon the acceptance of custodial trust property,...

30-2-8.6-36. Claim Against Custodial Trustee's Claim Barred Against Other Parties - Sec. 36. (a) Except as provided in subsection (c), and...

30-2-8.6-37. Termination of a Custodial Trust - Sec. 37. (a) Upon termination of a custodial trust, the...

30-2-8.6-38. Creating a Custodial Trust - Sec. 38. (a) If a transaction, including a declaration with...

30-2-8.6-39. Severability - Sec. 39. The provisions of this chapter are severable in...

Chapter 9. Prepaid Funeral Plans and Funeral Trust Funds Established Before 1982

30-2-9-0.1. Repealed - As added by P.L.220-2011, SEC.482. Repealed by P.L.63-2012, SEC.31.

30-2-9-1. Agreement or Contract; Personal Property, Merchandise, or Services; General Cemetery Law - Sec. 1. (a) Any payment of money made to any...

30-2-9-1.5. Funeral Trusts - Sec. 1.5. (a) After June 30, 1978, but before July...

30-2-9-2. Deposit of Funds; Investments - Sec. 2. All trust funds paid under section 1(a) of...

30-2-9-3. Permits; Fidelity Bonds; Accounts, Books, and Records - Sec. 3. No person, firm, partnership, association, limited liability company,...

30-2-9-4. Deposits or Investments; Interest or Dividends; Withdrawal; Forfeiture - Sec. 4. The amount or amounts deposited or invested, with...

30-2-9-5. Compensation and Expenses of Trustee - Sec. 5. This chapter shall not be construed to prohibit...

30-2-9-6. Liquidated Damages - Sec. 6. It shall be unlawful for any such agreement...

30-2-9-7. False Reports; Illegal Use or Disbursement of Funds - Sec. 7. (a) Except as provided in subsection (b) or...

30-2-9-8. Partial Invalidity of Law - Sec. 8. If any part or parts of this chapter...

Chapter 10. Funeral Trust Funds

30-2-10-0.1. Repealed - As added by P.L.220-2011, SEC.483. Repealed by P.L.63-2012, SEC.32.

30-2-10-1. Establishment - Sec. 1. An individual may establish one (1) funeral trust...

30-2-10-2. Payments Required to Be Made to Accounts in Certain Banks, Trust Companies, and Other Institutions - Sec. 2. It is unlawful to enter into any agreement...

30-2-10-3. Validity of Trust; Requirements - Sec. 3. A funeral trust established under this chapter is...

30-2-10-4. Trustee; Expenses and Compensation - Sec. 4. The trustee, in the administration of funds accepted...

30-2-10-5. Contracts; Required Provisions - Sec. 5. The contract under which funds are accepted under...

30-2-10-6. Change of Beneficiary; Procedure - Sec. 6. If the settlor changes the beneficiary, he must:...

30-2-10-7. Delivery of Copy of Contract to Settlor - Sec. 7. (a) The settlor shall be furnished an executed...

30-2-10-8. Management of Funds by Financial Institutions; Annual Reports From Beneficiaries - Sec. 8. (a) Indiana financial institutions in which trust funds...

30-2-10-8.5. Management of Settlor's Funds by Registered Investment Adviser - Sec. 8.5. (a) The bank, trust company, savings association, or...

30-2-10-9. Violations; Offense - Sec. 9. (a) Except as provided in subsections (b) and...

30-2-10-10. Incapacity, Resignation, and Removal of Trustees - Sec. 10. IC 30-4-3-29 governs procedures concerning the incapacity, resignation,...

Chapter 11. Repealed - Repealed by P.L.149-1991, SEC.6.

Chapter 12. Uniform Management of Institutional Funds Act

30-2-12-0.4. Short Title - Sec. 0.4. This chapter may be cited as the Uniform...

30-2-12-0.5. Application of Chapter - Sec. 0.5. This chapter applies to gift instruments, whenever executed...

30-2-12-1. Application of Chapter - Sec. 1. (a) This chapter applies to an institutional fund...

30-2-12-1.3. "Charitable Purpose" Defined - Sec. 1.3. As used in this chapter, "charitable purpose" means...

30-2-12-1.5. Repealed - As added by P.L.266-1995, SEC.1. Repealed by P.L.226-2007, SEC.24.

30-2-12-2. "Endowment Fund" Defined - Sec. 2. As used in this chapter, "endowment fund" means...

30-2-12-3. "Gift Instrument" Defined - Sec. 3. As used in this chapter, "gift instrument" means...

30-2-12-4. Repealed - As added by P.L.268-1989, SEC.1. Repealed by P.L.226-2007, SEC.24.

30-2-12-5. "Institution" Defined - Sec. 5. As used in this chapter, "institution" means any...

30-2-12-6. "Institutional Fund" Defined - Sec. 6. As used in this chapter, "institutional fund" means...

30-2-12-6.4. "Person" Defined - Sec. 6.4. As used in this chapter, "person" means an...

30-2-12-6.7. "Record" Defined - Sec. 6.7. As used in this chapter, "record" means information...

30-2-12-7. Repealed - As added by P.L.268-1989, SEC.1. Repealed by P.L.226-2007, SEC.24.

30-2-12-8. Repealed - As added by P.L.268-1989, SEC.1. Repealed by P.L.226-2007, SEC.24.

30-2-12-9. Appropriation or Accumulation of Endowment Funds; Gift Instrument - Sec. 9. (a) Subject to the terms of a gift...

30-2-12-10. Repealed - As added by P.L.268-1989, SEC.1. Amended by P.L.8-1993, SEC.467. Repealed...

30-2-12-11. Repealed - As added by P.L.268-1989, SEC.1. Repealed by P.L.226-2007, SEC.24.

30-2-12-12. Repealed - As added by P.L.268-1989, SEC.1. Amended by P.L.199-1991, SEC.2. Repealed...

30-2-12-13. Modification or Release of Restrictions in Gift Instrument; Modification of Charitable Purpose; Notice to Attorney General - Sec. 13. (a) With the consent of the donor in...

30-2-12-14. Duties of Person or Institution Managing or Investing Institutional Fund - Sec. 14. (a) An institution that manages or invests an...

30-2-12-15. Delegation of Management or Investment of Institutional Fund; Duties of Agent - Sec. 15. (a) Subject to the terms of a gift...

30-2-12-16. Determination of Compliance - Sec. 16. Compliance with this chapter shall be determined in...

30-2-12-17. Effect on Existing Law - Sec. 17. (a) Except as provided in subsection (b), this...

30-2-12-18. Consideration for Uniformity of Law - Sec. 18. In applying and construing this chapter, consideration must...

Chapter 13. Payment of Funeral, Burial Services, or Merchandise in Advance of Need

30-2-13-0.1. Repealed - As added by P.L.220-2011, SEC.485. Repealed by P.L.63-2012, SEC.33.

30-2-13-1. Applicability of Chapter - Sec. 1. (a) Except as provided in subsection (b), this...

30-2-13-2. "Agent" - Sec. 2. As used in this chapter, "agent" means a...

30-2-13-2.5. "At-Need Services and Merchandise" - Sec. 2.5. (a) As used in this chapter, "at-need services...

30-2-13-3. "Board" - Sec. 3. As used in this chapter, "board" refers to...

30-2-13-4. "Contract" - Sec. 4. As used in this chapter, "contract" means a...

30-2-13-5. "Delivery" - Sec. 5. As used in this chapter, "delivery" means the...

30-2-13-6. "Fund" - Sec. 6. As used in this chapter, "fund" refers to...

30-2-13-7. "Insurance Policy" - Sec. 7. As used in this chapter, "insurance policy" means...

30-2-13-8. "Prepaid Services or Merchandise" or "Services or Merchandise" - Sec. 8. As used in this chapter, "prepaid services or...

30-2-13-9. "Purchaser" - Sec. 9. As used in this chapter, "purchaser" means a...

30-2-13-10. "Seller" - Sec. 10. As used in this chapter, "seller" means a...

30-2-13-11. "Trustee" or "Escrow Agent, Acting as a Fiduciary" - Sec. 11. (a) As used in this chapter, "trustee" or...

30-2-13-11.5. "Cash Advance Item" - Sec. 11.5. (a) As used in this chapter, "cash advance...

30-2-13-12. Contracts - Sec. 12. (a) This section applies to contracts for prepaid...

30-2-13-12.1. Contracts Entered Into After December 31, 1995, and Before July 1, 1999 - Sec. 12.1. (a) This section applies to contracts for prepaid...

30-2-13-12.5. Contracts Entered Into After June 30, 1999 - Sec. 12.5. (a) This section applies to the following contracts...

30-2-13-13. Designation of Successor Sellers - Sec. 13. (a) Notwithstanding section 10 of this chapter, as...

30-2-13-14. Conversion of Trust or Escrow Agreement; Change in Method of Funding; New or Successor Trustee or Escrow Agent - Sec. 14. (a) A trust or an escrow agreement created...

30-2-13-15. Loss of Certificate of Authority or License by Seller; Notice to Purchaser; Selection of New Seller; Transfer of Unperformed Contracts and Funds to Successor Owner - Sec. 15. (a) If a seller: (1) ceases to have...

30-2-13-16. Sale, Consolidation, Merger, Disposal, or Lease of Assets in Bulk; Designation of Successor - Sec. 16. (a) Except for sales of stock or merchandise...

30-2-13-17. Successors to Seller; Obligations - Sec. 17. A seller may not sell the seller's stock,...

30-2-13-18. Compensation and Expenses of Trustee; Withdrawal of Tax Liability - Sec. 18. A trustee or an escrow agent may be...

30-2-13-19. Common Trust Fund - Sec. 19. (a) A trustee may place trust money in...

30-2-13-20. Funeral Service Contracts; Ratification by Funeral Director - Sec. 20. If an agent and a purchaser execute a...

30-2-13-21. Agents of Seller; Seller Liability; Written Statement - Sec. 21. A seller who solicits for or enters into...

30-2-13-22. Seller Bond or Permit - Sec. 22. A bond or permit is not required of...

30-2-13-23. Contracts; Invalid Provisions; Unenforceable Contracts - Sec. 23. (a) A contract is invalid if the contract...

30-2-13-24. Seller or Agent; Prohibited Acts - Sec. 24. A seller or an agent may not knowingly...

30-2-13-25. Solicitation of Sales; Conditions - Sec. 25. Solicitation of a sale of prepaid services or...

30-2-13-26. Confidentiality of Contracts - Sec. 26. During the lifetime of the purchaser the contract...

30-2-13-27. Payments to Board - Sec. 27. Each seller of a prepaid contract under this...

30-2-13-28. Preneed Consumer Protection Fund; Establishment; Funding - Sec. 28. (a) The preneed consumer protection fund is established....

30-2-13-29. Fund Uses; Complaints; Annual Review - Sec. 29. (a) Money in the fund may be used...

30-2-13-30. Seller Records and Books - Sec. 30. (a) The seller shall maintain accurate records, books,...

30-2-13-31. Annual Report - Sec. 31. (a) A seller who is required to register...

30-2-13-32. General Price List - Sec. 32. A seller of: (1) prepaid services or merchandise;...

30-2-13-33. Certificates of Authority - Sec. 33. (a) A seller may not sell or provide...

30-2-13-34. Rules - Sec. 34. The board may adopt rules under IC 4-22-2...

30-2-13-35. Seller Misrepresentation - Sec. 35. It is a violation of this chapter for...

30-2-13-36. Suspension of Certificates of Authority; Fines - Sec. 36. The board may suspend the certificate of authority...

30-2-13-37. Repealed - As added by P.L.200-1991, SEC.1. Repealed by P.L.207-1993, SEC.35.

30-2-13-38. Uncured Deceptive Acts; Violations; Injunctive Relief; Private Right of Action - Sec. 38. (a) A seller who violates a provision of...

30-2-13-39. Prohibited Relationships Between Sellers and Trustees or Escrow Agents - Sec. 39. (a) This section does not apply to a...

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)...

30-2-14-1. "Accounting Period" Defined - Sec. 1. As used in this chapter, "accounting period" means...

30-2-14-2. "Beneficiary" Defined - Sec. 2. As used in this chapter, "beneficiary" includes, in...

30-2-14-3. "Fiduciary" - Sec. 3. As used in this chapter, "fiduciary" means the...

30-2-14-4. "Income" Defined - Sec. 4. As used in this chapter, "income" means money...

30-2-14-5. "Income Beneficiary" Defined - Sec. 5. As used in this chapter, "income beneficiary" means...

30-2-14-6. "Income Interest" Defined - Sec. 6. As used in this chapter, "income interest" means...

30-2-14-7. "Mandatory Income Interest" Defined - Sec. 7. As used in this chapter, "mandatory income interest"...

30-2-14-8. "Net Income" Defined - Sec. 8. As used in this chapter, "net income" means...

30-2-14-9. "Person" Defined - Sec. 9. As used in this chapter, "person" means an...

30-2-14-10. "Principal" Defined - Sec. 10. As used in this chapter, "principal" means property...

30-2-14-11. "Remainder Beneficiary" Defined - Sec. 11. As used in this chapter, "remainder beneficiary" means...

30-2-14-12. "Terms of a Trust" - Sec. 12. As used in this chapter, "terms of a...

30-2-14-13. "Trustee" Defined - Sec. 13. As used in this chapter, "trustee" includes an...

30-2-14-13.5. Personal Representative as a Fiduciary - Sec. 13.5. A personal representative, including an executor, an administrator,...

30-2-14-14. Allocating Receipts and Disbursements Between Principal and Income - Sec. 14. (a) The following applies to a fiduciary in...

30-2-14-15. Power of Trustee to Adjust Between Principal and Income - Sec. 15. (a) A trustee may adjust between principal and...

30-2-14-16. Notice of Proposed Action - Sec. 16. (a) A trustee may give a notice of...

30-2-14-17. Discretionary Powers of Fiduciary; Failure to Exercise Power; Remedies - Sec. 17. (a) A court shall not change a fiduciary's...

30-2-14-18. Distributions to Beneficiaries; Payment of Fees and Costs - Sec. 18. (a) After an income interest in a trust...

30-2-14-19. Beneficiary's Share of Net Income - Sec. 19. (a) Each beneficiary described in section 18(a)(4) of...

30-2-14-20. Income Interest; Asset Subject to Trust - Sec. 20. (a) An income beneficiary is entitled to net...

30-2-14-21. Income Receipts and Disbursements - Sec. 21. (a) A trustee shall allocate an income receipt...

30-2-14-22. Termination of Mandatory Income Interest - Sec. 22. (a) As used in this section, "undistributed income"...

30-2-14-23. Receipts From an Entity - Sec. 23. (a) As used in this section, "entity" means...

30-2-14-24. Distributions of Principal and Income From Trust or Estate - Sec. 24. A trustee shall allocate to: (1) income an...

30-2-14-25. Separate Accounting Records for Business or Activity - Sec. 25. (a) If a trustee who conducts a business...

30-2-14-26. Receipts and Property Allocated to Principal - Sec. 26. A trustee shall allocate to principal: (1) to...

30-2-14-27. Rental Property Receipts - Sec. 27. To the extent that a trustee accounts for...

30-2-14-28. Obligation to Pay Money to Trustee - Sec. 28. (a) An amount received as interest, whether determined...

30-2-14-29. Life Insurance Policy Proceeds; Proceeds of Other Contracts - Sec. 29. (a) Except as otherwise provided in subsection (b),...

30-2-14-30. Insubstantial Allocation Between Principal and Income - Sec. 30. If a trustee determines that an allocation between...

30-2-14-31. Allocating Payments to Principal or Income - Sec. 31. (a) This section does not apply to a...

30-2-14-32. Receipts From Liquidating Asset - Sec. 32. (a) As used in this section, "liquidating asset"...

30-2-14-33. Receipts From an Interest in Minerals or Other Natural Resources - Sec. 33. (a) To the extent that a trustee accounts...

30-2-14-34. Net Receipts From the Sale of Timber and Related Products - Sec. 34. (a) To the extent that a trustee accounts...

30-2-14-35. Marital Deduction for Trust Assets - Sec. 35. (a) If: (1) a marital deduction is allowed...

30-2-14-36. Transactions in Derivatives; Granting, Acquiring, or Exercising an Option - Sec. 36. (a) As used in this section, "derivative" means...

30-2-14-37. Asset Backed Securities - Sec. 37. (a) As used in this section, "asset backed...

30-2-14-38. Disbursements From Income - Sec. 38. A trustee shall make the following disbursements from...

30-2-14-39. Disbursements From Principal - Sec. 39. (a) A trustee shall make the following disbursements...

30-2-14-40. Principal Asset Subject to Depreciation - Sec. 40. (a) As used in this section, "depreciation" means...

30-2-14-41. Principal Disbursements; Income Transfers to Reimburse Principal or Create Principal Disbursement Reserve - Sec. 41. (a) If a trustee makes or expects to...

30-2-14-42. Tax Payments - Sec. 42. (a) A tax required to be paid by...

30-2-14-43. Adjustments to Offset Shifting of Economic Interests or Tax Benefits Between Income Beneficiaries and Remainder Beneficiaries - Sec. 43. (a) A fiduciary may make adjustments between principal...

30-2-14-44. Uniformity of the Law - Sec. 44. In applying and construing this uniform act, consideration...

Chapter 15. Total Return Unitrusts

30-2-15-1. "Current Valuation Year" - Sec. 1. As used in this chapter, "current valuation year"...

30-2-15-2. "Income Trust" - Sec. 2. As used in this chapter, "income trust" means:...

30-2-15-3. "Net Fair Market Value" - Sec. 3. As used in this chapter, "net fair market...

30-2-15-4. "Total Return Unitrust" - Sec. 4. As used in this chapter, "total return unitrust"...

30-2-15-5. "Trustee" - Sec. 5. As used in this chapter, "trustee" refers to...

30-2-15-6. "Unitrust Amount" - Sec. 6. As used in this chapter, "unitrust amount" means...

30-2-15-7. "Unitrust Rate" - Sec. 7. As used in this chapter, "unitrust rate" means...

30-2-15-8. "Year" - Sec. 8. As used in this chapter, "year" means a...

30-2-15-9. Trustee's Power to Convert Trust, Reconvert Trust, and Change Unitrust Rate - Sec. 9. A trustee may: (1) release the trustee's power...

30-2-15-10. Acting Without Court Approval - Sec. 10. (a) Unless expressly prohibited in the governing trust...

30-2-15-11. Petition by Trustee - Sec. 11. If a trustee: (1) receives an objection under...

30-2-15-12. Petition by Trust Beneficiary - Sec. 12. A trust beneficiary described in IC 30-2-14-16(b) may...

30-2-15-13. When Court Shall Approve Conversion, Reconversion, or Change in Rate - Sec. 13. If the court finds that the conversion, reconversion,...

30-2-15-14. Reconversion's Release of Power to Adjust Void - Sec. 14. This section applies if a total return unitrust...

30-2-15-15. Conversion to Unitrust; Unitrust Rate - Sec. 15. (a) This section applies to a trust described...

30-2-15-15.2. Unitrust Rate for a Cemetery Perpetual Care Fund - Sec. 15.2. (a) This section applies to a trust described...

30-2-15-16. Unitrust Amount; Initial Two Years of Trust - Sec. 16. For the first two (2) years of the...

30-2-15-17. Unitrust Amount; Successive Years - Sec. 17. Beginning with the third year of the trust,...

30-2-15-18. Net Fair Market Value of Unitrust Assets - Sec. 18. In determining the net fair market value of...

30-2-15-19. Trustee Powers - Sec. 19. (a) The trustee may exclude any assets for...

30-2-15-20. Prohibited Reduction in Unitrust Amount - Sec. 20. The unitrust amount may not be reduced for...

30-2-15-21. Adjusting Net Fair Market Values of Assets - Sec. 21. For purposes of section 16 of this chapter,...

30-2-15-22. Prorating Unitrust Amount in Short Year - Sec. 22. (a) As used in this section, "short year"...

30-2-15-23. Unitrust Amount's Satisfying Tax Law Requirement of Preserving Tax Benefit - Sec. 23. (a) This section applies to the following trusts:...

30-2-15-24. Construing the Governing Instrument - Sec. 24. After the income trust is converted to a...

30-2-15-25. Paying the Unitrust Amount - Sec. 25. (a) Except as provided in subsection (b), and...

30-2-15-26. Immunity of Trustee - Sec. 26. (a) A trustee who in good faith acts...

Chapter 16. Payroll Savings Plan Administration

30-2-16-1. "Participant" - Sec. 1. As used in this chapter, "participant" means an...

30-2-16-2. "Payroll Savings Plan" - Sec. 2. As used in this chapter, "payroll savings plan"...

30-2-16-3. "Payroll Savings Plan Administrator" - Sec. 3. As used in this chapter, "payroll savings plan...

30-2-16-4. "Static Balance" - Sec. 4. As used in this chapter, "static balance" means...

30-2-16-5. Static Balance Administration Services; Reimbursement of Administrator - Sec. 5. Subject to this chapter, a payroll savings plan...

30-2-16-6. Applicability of Reimbursement Provision - Sec. 6. Section 5 of this chapter applies only to...

30-2-16-7. Static Balance Accounts Reportable as Unclaimed Property; Inapplicability of Reimbursement Provisions - Sec. 7. Section 5 of this chapter does not apply...

30-2-16-8. Static Balance Account; Maximum Monthly Charge - Sec. 8. The maximum charge that may be imposed on...

Article 3. Miscellaneous Provisions

Chapter 1. Repealed - Repealed by P.L.1-1989, SEC.75.

Chapter 2. Repealed - Repealed by Acts 1971, P.L.416, SEC.8.

Chapter 3. Bond of Fiduciary in Judicial Sale

30-3-3-1. Order of Court; Time - Sec. 1. In any case where real estate is to...

Chapter 4. Relinquishment of Certain Charitable Trusts

30-3-4-1. Application of Chapter; Home for Indigent Women, Worthy Poor, or Orphaned Children - Sec. 1. Notwithstanding IC 30-4-2-2 and IC 30-4-3-33, this chapter...

30-3-4-2. Determination by Board of Commissioners to Relinquish Trust - Sec. 2. If the board of commissioners determines: (1) that...

30-3-4-3. Certifying Transcript of Finding; Recording - Sec. 3. The auditor of a county in which the...

Article 4. Trust Code

Chapter 1. General Provisions

30-4-1-1. Definition of "Trust"; Relationships Excluded From This Article; Transferability of Employee Benefit Trust - Sec. 1. (a) A trust is a fiduciary relationship between...

30-4-1-1.5. Ic 30-2-4 and Ic 30-2-5 Not Repealed - Sec. 1.5. This article does not repeal: (1) IC 30-2-4...

30-4-1-2. Other Definitions - Sec. 2. As used in this article: (1) "Adult" means...

30-4-1-3. Application and Interpretation of Rules of Law and Terms of Trust - Sec. 3. (Application and Interpretation of the Rules of Law...

30-4-1-4. Application of Article to Preexisting Trusts; Application of Amendments to Preexisting Trusts - Sec. 4. (a) Except as provided elsewhere in this article,...

30-4-1-5. Construction of Pronouns - Sec. 5. (Construction of Pronouns) A pronoun used in this...

30-4-1-6. Construction of Singular Number - Sec. 6. (Construction of Singular Number) Any word appearing in...

30-4-1-7. Trust Code Study Commission Report - Sec. 7. The report of the Trust Code Study Commission...

30-4-1-8. Effect of Requirement of Exercising Power of Appointment by Reference - Sec. 8. If a trust creating a power of appointment...

30-4-1-9. Specific Indication of Power of Appointment Required - Sec. 9. A trust shall not operate as to the...

30-4-1-10. Distribution Under Laws of Intestate Succession When Manner Not Specified - Sec. 10. If a distribution in favor of "descendants", "issue",...

30-4-1-11. Choice of Law - Sec. 11. The meaning and legal effect of a distribution...

30-4-1-12. Persons Born Out of Wedlock - Sec. 12. In construing a trust making a distribution to...

30-4-1-13. Applicability of Constructive Trust Provisions - Sec. 13. IC 29-1-2-12.1 applies to a trust. As added...

Chapter 1.5. Electronic Trust Instruments

30-4-1.5-1. Purpose of Chapter; Presumptions - Sec. 1. The purpose of this chapter is to provide...

30-4-1.5-2. Exclusive Authority; Application of Other Statutes - Sec. 2. (a) Except as provided in subsections (b) and...

30-4-1.5-3. Definitions - Sec. 3. The following terms are defined for this chapter:...

30-4-1.5-4. Creation of Electronic Inter Vivos Trust; Use of Electronic Record; Creation of Complete Converted Copy - Sec. 4. (a) Any of the following persons may create...

30-4-1.5-5. Amendment of Electronic Inter Vivos Trust; Restatement of Electronic Inter Vivos Trust; Electronic Signature - Sec. 5. (a) If a settlor creates an inter vivos...

30-4-1.5-6. Creation of Revocable Electronic Trust; Amendment of Revocable Electronic Trust; Electronic Signature - Sec. 6. (a) If the settlor created or last amended...

30-4-1.5-7. Maintenance, Receipt, and Transfer of Electronic Trust Instrument - Sec. 7. (a) Any person with the written authorization of...

30-4-1.5-8. Delivery of Electronic Trust Following Death of Settlor - Sec. 8. (a) After a settlor's death becomes known to...

30-4-1.5-9. "Destroy"; Destruction of Electronic Trust Instrument - Sec. 9. (a) As used in this section, "destroy" means...

30-4-1.5-10. Affidavit of Regularity - Sec. 10. Whenever this chapter requires or permits a custodian...

30-4-1.5-11. Prima Facie Evidence of Validity - Sec. 11. (a) Regardless of the number of custodians or...

30-4-1.5-12. Filing of Electronic Trust Instrument - Sec. 12. Any interested person who petitions or otherwise seeks...

30-4-1.5-13. "Digital Asset"; "Electronic Communication"; "Custodian"; "User"; "Transaction" - Sec. 13. (a) For purposes of IC 29-3, IC 30-5,...

Chapter 2. Rules Governing the Creation of Trusts

30-4-2-1. Written Evidence of Terms; Definite Terms; Validity of Inter Vivos Trust; Existence of Trust Beneficiaries; Creation of Trust by Exercise of Power of Appointment - Sec. 1. (a) A trust in either real or personal...

30-4-2-1.5. Trust Not Created by Will; Requirements - Sec. 1.5. (a) Except as provided in subsection (b), a...

30-4-2-2. Acceptance by Trustee - Sec. 2. (a) This section applies to the acceptance of...

30-4-2-3. Repealed - Formerly: Acts 1971, P.L.416, SEC.3. As amended by Acts 1979,...

30-4-2-4. Repealed - Formerly: Acts 1971, P.L.416, SEC.3. Repealed by P.L.293-1983, SEC.2.

30-4-2-5. Life Insurance Trusts - Sec. 5. (Life Insurance Trusts) Proceeds of life insurance policies...

30-4-2-6. Nature of Trustee's Estate - Sec. 6. (Nature of the Trustee's Estate) (a) The trustee...

30-4-2-7. Nature of Beneficiary's Estate - Sec. 7. (Nature of the Beneficiary's Estate) (a) The beneficiary...

30-4-2-8. Merger of Estates - Sec. 8. (a) If the settlor transfers both the title...

30-4-2-9. Necessity of Powers or Duties - Sec. 9. (Necessity of Powers or Duties) Subject to 30-4-2-13,...

30-4-2-10. Capacity of Settlor - Sec. 10. (a) If a trust is created by a...

30-4-2-11. Capacity of Trustee - Sec. 11. (a) If the trustee is a natural person,...

30-4-2-12. Illegality - Sec. 12. (Illegality) (a) The terms of the trust may...

30-4-2-13. Application of Statute of Uses - Sec. 13. (Application of Statute of Uses) If the trust...

30-4-2-14. Assignment of Beneficiary's Interest - Sec. 14. (Assignment of Beneficiary's Interest) (a) If the terms...

30-4-2-15. Divorce or Annulment of Marriage; Effect on Revocable Trust - Sec. 15. (a) This section does not apply to a...

30-4-2-16. Election by Surviving Spouse to Take Share Against Settlor's Will; Distribution of Remainder - Sec. 16. (a) This section applies to: (1) property in...

30-4-2-17. Valid Purposes of Charitable Trust; Selection of Purpose or Beneficiary if Not Specified by Trust - Sec. 17. (a) A charitable trust may be created for...

30-4-2-18. Trust for Care of Animal - Sec. 18. (a) A trust may be created to provide...

30-4-2-19. Trust for Noncharitable Purpose - Sec. 19. (a) Except as provided in section 18 of...

Chapter 2.1. Rules for Interpretation of Trusts

30-4-2.1-1. Construction - Sec. 1. In the absence of a contrary intent appearing...

30-4-2.1-2. Adopted Children - Sec. 2. (a) Except as provided in subsection (b), in...

30-4-2.1-3. No Contest Provision Enforceable; Exceptions - Sec. 3. (a) Except as provided in subsection (b), a...

30-4-2.1-4. Children Born After Trust's Creation - Sec. 4. (a) Except as provided in subsection (b) and...

30-4-2.1-5. Mistaken Belief That Settlor's Child Deceased - Sec. 5. (a) Except as provided in subsection (b), if,...

30-4-2.1-6. Void, Revoked, or Lapsed Devise - Sec. 6. If a devise of real or personal property,...

30-4-2.1-7. Beneficiary Predeceases Settlor - Sec. 7. (a) As used in this section, "descendant" includes...

30-4-2.1-8. Kindred of the Half Blood - Sec. 8. Kindred of the half blood are entitled to...

30-4-2.1-9. Applicability of Adultery and Abandonment Forfeiture Provisions - Sec. 9. A trust of a deceased spouse is subject...

30-4-2.1-11. Written Statement or List Disposing of Tangible Personal Property - Sec. 11. (a) A written statement or list that: (1)...

30-4-2.1-11.1. Trust Referencing Writing; Effect to Be Given to Writing - Sec. 11.1. Except as provided in section 11 of this...

30-4-2.1-12. Order of Abatement; Other Rules Governing Abatement - Sec. 12. (a) If a trust is terminated or partially...

30-4-2.1-13. Repealed - As added by P.L.6-2010, SEC.13. Repealed by P.L.149-2012, SEC.12.

30-4-2.1-14. Rules of Interpretation Concerning Discretionary Interests - Sec. 14. (a) The following rules apply only to discretionary...

30-4-2.1-14.5. "Discretionary Interest"; Rules of Construction - Sec. 14.5. (a) As used in this section and section...

30-4-2.1-15. Rules of Interpretation Concerning a Beneficiary's Influence Over a Trust - Sec. 15. If a party challenges a settlor or a...

30-4-2.1-16. Rules of Interpretation Concerning a Trustee's Independence From the Settlor - Sec. 16. Absent clear and convincing evidence otherwise, a settlor...

30-4-2.1-17. Limits on Creditors of Beneficiaries Who May Replace or Remove a Trustee or Who Are Also Trustees or Co-Trustees - Sec. 17. (a) A creditor may not reach, exercise, or...

Chapter 3. Rules Governing the Rights, Powers, Duties, Liabilities, and Remedies of the Parties to a Trust

30-4-3-1. Repealed - Formerly: Acts 1971, P.L.416, SEC.4. Repealed by P.L.238-2005, SEC.63.

30-4-3-1.3. Revocable Trusts; Powers of Settlor; Duties of Trustees - Sec. 1.3. (a) While a trust is revocable and the...

30-4-3-1.5. Revocation or Amendment of Trust by Settlor - Sec. 1.5. (a) This subsection applies to a trust created...

30-4-3-2. Power to Restrain Transfer of a Beneficiary's Interest - Sec. 2. (a) The settlor may provide in the terms...

30-4-3-3. Powers of Trustees - Sec. 3. (a) Except as provided in the terms of...

30-4-3-3.2. Perpetual Care Fund Trusts; Trustee Withdrawals - Sec. 3.2. The trustee of a trust established as the...

30-4-3-4. Exercise of Powers by Multiple, Successor, or Surviving Trustees - Sec. 4. (Exercise of Powers by Multiple, Successor, or Surviving...

30-4-3-5. Conflict of Interest in Exercise of Powers - Sec. 5. (a) If the duty of the trustee in...

30-4-3-6. Duties of Trustee - Sec. 6. (a) The trustee has a duty to administer...

30-4-3-6.5. Liability of Trustee for Lack of Knowledge of Event Affecting Administration or Distribution of Trust - Sec. 6.5. If the happening of an event, including: (1)...

30-4-3-7. Self-Dealing; Transactions Between Trusts - Sec. 7. (a) Unless the terms of the trust provide...

30-4-3-7.5. Transactions Authorized - Sec. 7.5. A transaction otherwise prohibited by section 7 of...

30-4-3-8. Duties of Co-Trustees - Sec. 8. (Duties of Co-Trustee) Unless the terms of the...

30-4-3-9. Duty of Trustee Under Control of Third Persons - Sec. 9. (Duty of Trustee under Control of Third Person)...

30-4-3-10. Liability to Third Persons - Sec. 10. (Liability to Third Persons) (a) Unless the terms...

30-4-3-11. Potential Liability of Trustee to Beneficiary; Remedies; Removal of Trustee - Sec. 11. (a) The trustee is accountable to the beneficiary...

30-4-3-12. Liability for Breach of Trust by Co-Trustee - Sec. 12. (Liability for Breach of Trust by Co-Trustee) A...

30-4-3-13. Liability of a Successor Trustee - Sec. 13. (Liability of a Successor Trustee) A successor trustee...

30-4-3-14. Contribution and Indemnity - Sec. 14. (Contribution and Indemnity) (a) Except as stated in...

30-4-3-15. Remedies of Trustee Against Third Persons - Sec. 15. (Remedies of the Trustee against Third Persons) The...

30-4-3-16. Remedies Among Co-Trustees - Sec. 16. (Remedies among Co-Trustees) Any trustee may maintain an...

30-4-3-17. Remedies of Trustee Against Beneficiary - Sec. 17. (Remedies of Trustee against Beneficiary) The trustee may...

30-4-3-18. Other Remedies of the Trustee - Sec. 18. (Other Remedies of the Trustee) (a) If there...

30-4-3-19. Relief of Trustee's Liability for Breach of Trust - Sec. 19. (Relief of Trustee's Liability for Breach of Trust)...

30-4-3-20. Liability of Beneficiary - Sec. 20. (Liability of Beneficiary) (a) A beneficiary is liable...

30-4-3-21. Remedies of Beneficiary Against Third Persons - Sec. 21. (Remedies of the Beneficiary against Third Persons) If...

30-4-3-22. Remedies of the Beneficiary Against the Trustee - Sec. 22. (Remedies of the Beneficiary against the Trustee) (a)...

30-4-3-23. Remedy of a Beneficiary Against a Co-Beneficiary - Sec. 23. (Remedy of a Beneficiary against a Co-Beneficiary) (a)...

30-4-3-24. Repealed - Formerly: Acts 1971, P.L.416, SEC.4. Repealed by P.L.238-2005, SEC.63.

30-4-3-24.4. Modification or Termination of Trust by Court - Sec. 24.4. (a) The court may modify the administrative or...

30-4-3-24.5. Termination by Trustee of Trust With Value Less Than $75,000 - Sec. 24.5. (a) This section does not apply to an...

30-4-3-25. Rescission and Reformation - Sec. 25. (Recission and Reformation) Upon petition by an interested...

30-4-3-25.5. Distribution of Terminated Trust; Payment of Federal and State Taxes - Sec. 25.5. (a) This section applies beginning October 1, 2009....

30-4-3-26. Power to Direct a Deviation From the Terms of the Trust - Sec. 26. (Power to Direct a Deviation from the Terms...

30-4-3-27. Cy Pres Doctrine - Sec. 27. (a) If property is given to a trust...

30-4-3-28. Repealed - Formerly: Acts 1971, P.L.416, SEC.4. Repealed by P.L.238-2005, SEC.63.

30-4-3-29. Removal, Resignation, and Appointment of Trustees - Sec. 29. (a) A trustee may be removed as follows:...

30-4-3-29.3. Power to Appoint a Successor Trustee - Sec. 29.3. (a) The power to appoint a successor trustee...

30-4-3-29.5. Corporate Trustee That Acquires Trust Due to Change in Control - Sec. 29.5. (a) Except as provided in subsection (b) and...

30-4-3-30. Effect of This Article on the Court's Equity Powers - Sec. 30. (Effect of This Article on the Court's Equity...

30-4-3-31. Judicial Modification of Trusts for Benevolent Public Purpose and Certain Transfers Not in Trust; Federal Compliance - Sec. 31. (a) This section is enacted for the purpose...

30-4-3-32. Trustee's Liability for Breach of Trust - Sec. 32. (a) Except as stated in subsections (b) and...

30-4-3-33. Trustee Vacancies; Priority for Filling Vacancy - Sec. 33. (a) In addition to the terms of a...

30-4-3-34. Petition to Determine Heirs and Interests in Trust Estate - Sec. 34. (a) At any time during the administration of...

30-4-3-35. Matrimonial Trusts; Election; Effect of the Death of a Spouse or the Dissolution of the Marriage; Revocation - Sec. 35. (a) This section is intended to ensure that...

30-4-3-36. Repealed - As added by P.L.6-2010, SEC.19. Amended by P.L.51-2014, SEC.22. Repealed...

30-4-3-37. Unclaimed Trust Shares; Disposition Procedures - Sec. 37. (a) If a beneficiary of a trust cannot...

Chapter 3.5. Indiana Uniform Prudent Investor Act

30-4-3.5-1. Compliance With Prudent Investor Rule - Sec. 1. (a) Except as otherwise provided in subsection (b),...

30-4-3.5-2. Prudent Investor Rule - Sec. 2. (a) A trustee shall invest and manage trust...

30-4-3.5-3. Diversification of Investments - Sec. 3. A trustee shall diversify the investments of the...

30-4-3.5-4. Review of Trust Assets - Sec. 4. Within a reasonable time after accepting a trusteeship...

30-4-3.5-5. Trust Managed in Interest of Beneficiaries - Sec. 5. A trustee shall invest and manage the trust...

30-4-3.5-6. Impartial Management - Sec. 6. If a trust has at least two (2)...

30-4-3.5-7. Costs - Sec. 7. In investing and managing trust assets, a trustee...

30-4-3.5-8. Determination of Compliance With Prudent Investor Rule - Sec. 8. Compliance with the prudent investor rule is determined...

30-4-3.5-9. Delegation of Functions by Trustee - Sec. 9. (a) A trustee may delegate investment and management...

30-4-3.5-10. Authorization of Investments or Strategies - Sec. 10. The following terms or comparable language in the...

30-4-3.5-11. Applicability of Chapter - Sec. 11. This chapter applies to trusts existing on and...

30-4-3.5-12. Purpose of Chapter - Sec. 12. This chapter shall be applied and construed to...

30-4-3.5-13. Short Title - Sec. 13. This chapter may be cited as the "Indiana...

Chapter 4. Rules Governing the Rights of Third Parties

30-4-4-1. Presumption of Trustee's Authority - Sec. 1. (Presumption of Trustee's Authority) (a) Except as provided...

30-4-4-2. Transfers by the Trustee to Third Persons - Sec. 2. (Transfers by the Trustee to Third Persons) (a)...

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Indiana Code Title 30. Trusts and Fiduciaries

Indiana Code
Title 30. Trusts and Fiduciaries