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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 Repealed - Repealed by Acts 1971, P.L.416, SEC.8.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 Repealed - Repealed by P.L.275-1985, SEC.2.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 Repealed - Repealed by Acts 1971, P.L.416, SEC.8.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 Repealed - Repealed by Acts 1971, P.L.416, SEC.8.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...