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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 Ic 30-2-4 and Ic 30-2-5 Not Repealed - Sec. 1.5.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)...
30-4-4-3. Judgment Lien Against the Trustee or Beneficiary - Sec. 3. (Judgment Lien against the Trustee or Beneficiary) (a)...
30-4-4-4. Disclosure of Information Concerning Beneficiaries - Sec. 4. (Disclosure of Information Concerning Beneficiaries) (a) Any person...
30-4-4-5. Certification of Trust; Contents; Liability of Person Relying on Certification of Trust - Sec. 5. (a) A trustee may furnish to a person...
Chapter 5. Rules Governing the Administration of a Trust
30-4-5-0.5. Application of Uniform Principal and Income Act - Sec. 0.5. The Uniform Principal and Income Act (IC 30-2-14)...
30-4-5-1. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.84-2002, SEC.11.
30-4-5-2. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. As amended by Acts 1977,...
30-4-5-3. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.84-2002, SEC.11.
30-4-5-4. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. As amended by Acts 1982,...
30-4-5-5. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. As amended by P.L.138-1994, SEC.3;...
30-4-5-6. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.84-2002, SEC.11.
30-4-5-7. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.84-2002, SEC.11.
30-4-5-8. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. As amended by Acts 1982,...
30-4-5-9. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.84-2002, SEC.11.
30-4-5-10. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.84-2002, SEC.11.
30-4-5-11. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. As amended by Acts 1982,...
30-4-5-12. Accounting by Trustees - Sec. 12. (a) Unless the terms of the trust provide...
30-4-5-13. Content of Written Statements of Account Filed With the Court - Sec. 13. (a) A verified written statement of accounts filed...
30-4-5-14. Settlements; Objections; Hearing; Surcharge - Sec. 14. (Settlements; Objections; Hearing; Surcharge) (a) With respect to...
30-4-5-14.5. Nonjudicial Settlement; Procedures - Sec. 14.5. (a) A trustee may obtain a nonjudicial settlement...
30-4-5-15. Judgment; Fees - Sec. 15. (Judgment; Fees) (a) Subject to the right of...
30-4-5-16. Right to Compensation - Sec. 16. (a) Unless the terms of the trust provide...
30-4-5-17. Compensation if Trustee Breaches Trust - Sec. 17. (Compensation if Trustee Breaches Trust) (a) In a...
30-4-5-18. Private Foundations - Sec. 18. Subject to section 20 of this chapter, every...
30-4-5-19. Private Corporate Foundations Organized Before January 1, 1970; Application of Ic 30-4-5-18 - Sec. 19. The provisions of 30-4-5-18 shall not apply to...
30-4-5-20. Private Corporate Foundations; Effective Dates of Ic 30-4-5-18 - Sec. 20. The provisions of 30-4-5-18 shall be effective as...
30-4-5-21. Trusts for Benevolent Public Purpose; General Rules - Sec. 21. Subject to the provisions of this section and...
30-4-5-22. Private and Charitable Trust Foundations; Split-Interest Trusts; Creation Before January 1, 1970; Application of Ic 30-4-5-21 - Sec. 22. The provisions of 30-4-5-21 shall not apply to...
30-4-5-23. Private and Charitable Trust Foundations; Split-Interest Trusts; Effective Date of Ic 30-4-5-21 - Sec. 23. The provisions of 30-4-5-21 shall be effective as...
30-4-5-24. Repealed - Formerly: Acts 1971, P.L.416, SEC.6. Repealed by P.L.2-1987, SEC.53.
30-4-5-25. "Interested Person"; Matters Resolved by Nonjudicial Settlement Agreement - Sec. 25. (a) As used in this section, "interested person"...
Chapter 5.5. Enforcement Powers of Attorney General
30-4-5.5-1. Remedies by Attorney General Against Certain Trustees and Other Individuals - Sec. 1. (a) This section applies to the following: (1)...
Chapter 6. Procedure
30-4-6-1. Jurisdiction - Sec. 1. (Jurisdiction) Jurisdiction in this state for all matters...
30-4-6-2. Continuing Jurisdiction - Sec. 2. (Continuing Jurisdiction) The court will have continuing jurisdiction...
30-4-6-3. Venue; Transfer of Trust's Principal Place of Administration; Notice; Objection to Transfer - Sec. 3. (a) Venue in a proceeding brought by the...
30-4-6-4. Docketing of Trusts in General - Sec. 4. Except as provided in section 7 of this...
30-4-6-5. Pleadings - Sec. 5. (Pleadings) Any proceedings under this article may be...
30-4-6-6. Notice - Sec. 6. (Notice) (a) Notice must be given to any...
30-4-6-6.5. Methods for Sending Notice - Sec. 6.5. (a) The sending of notice or a document...
30-4-6-7. Filing Copy of Trust Instrument as Part of Proceeding - Sec. 7. (Filing Copy of Trust Instrument as Part of...
30-4-6-8. Bonding - Sec. 8. (a) Unless the terms of the trust provide...
30-4-6-9. Suit on Bond - Sec. 9. (Suit on Bond) (a) The court may, on...
30-4-6-10. Representation by Class or Similar Interest - Sec. 10. (Representation by Class or Similar Interest) Any adjudication...
30-4-6-10.5. Persons Who Represent Interests of and Bind Other Persons - Sec. 10.5. (a) Except as provided in the terms of...
30-4-6-11. Appeals - Sec. 11. (Appeals) (a) Any person considering himself aggrieved by...
30-4-6-12. Statute of Limitations - Sec. 12. Unless previously barred by adjudication, consent or limitation,...
30-4-6-13. Application of Rules of Procedure - Sec. 13. (Application of Rules of Procedure) Except as otherwise...
30-4-6-14. Contesting Validity of Revocable Trust; Time Limits; Notice Requirements - Sec. 14. (a) A person must commence a judicial proceeding...
Chapter 7. Adjudicated Compromise of Controversies
30-4-7-1. Application of Chapter - Sec. 1. This chapter applies to the compromise of a...
30-4-7-2. Binding Effect of Compromise - Sec. 2. A compromise executed under this chapter is binding...
30-4-7-3. Rights of Creditors or Taxing Authorities - Sec. 3. A compromise executed under this chapter does not...
30-4-7-4. Appointment of Guardian or Guardian Ad Litem - Sec. 4. The court may appoint a guardian or a...
30-4-7-5. Law Governing Appointment of Guardian or Guardian Ad Litem - Sec. 5. IC 29-1-1-20 applies to the appointment of a...
30-4-7-6. Agreement of Compromise - Sec. 6. The terms of a compromise executed under this...
30-4-7-7. Docket of Documents - Sec. 7. After a compromise is executed, an interested person...
30-4-7-8. Notice and Hearing on Agreement - Sec. 8. After notice has been given in the manner...
30-4-7-9. Court Order - Sec. 9. If the court finds: (1) the contest or...
30-4-7-10. Effect of Entry of Order - Sec. 10. If the court enters an order under section...
Chapter 8. Legacy Trusts
30-4-8-1. Application - Sec. 1. (a) Subject to the limitations set forth in...
30-4-8-2. Definitions - Sec. 2. Unless the context requires otherwise, the following definitions...
30-4-8-3. Establishment - Sec. 3. A legacy trust is established by: (1) designating...
30-4-8-4. Requirements - Sec. 4. A legacy trust must do the following: (1)...
30-4-8-5. Qualified Affidavits - Sec. 5. (a) A qualified affidavit must be signed under...
30-4-8-6. Qualified Trustees; Duties - Sec. 6. (a) A person may serve as a qualified...
30-4-8-7. Prohibited Causes of Action; Effect of Spendthrift Provision - Sec. 7. (a) Except as provided in section 8 of...
30-4-8-8. Prohibited Claims Against Property Subject of a Qualified Disposition; Exceptions; Extinguishing a Claim - Sec. 8. (a) Except as provided in subsection (e), a...
30-4-8-9. Creditor's Claims - Sec. 9. (a) If a creditor's claim is allowed under...
30-4-8-10. Spendthrift Provisions - Sec. 10. A spendthrift provision described in section 4(4) of...
30-4-8-11. Transferor's Rights and Authority - Sec. 11. Except as permitted by the terms of a...
30-4-8-12. Transferor's Service as an Investment Advisor - Sec. 12. A transferor who makes a qualified disposition may...
30-4-8-13. Revocability - Sec. 13. (a) A legacy trust is not considered revocable...
30-4-8-14. Appointment of Trust Directors - Sec. 14. (a) A transferor may appoint one (1) or...
30-4-8-15. Resignation of Qualified Trustee; Appointing Successor Trustees - Sec. 15. If: (1) a qualified trustee of a legacy...
30-4-8-16. Rights of a Lender; Notice of Transfer of Assets - Sec. 16. (a) Nothing in this chapter shall be construed...
Chapter 9. Uniform Directed Trust Act
30-4-9-1. Short Title - Sec. 1. This chapter may be cited as the Uniform...
30-4-9-2. Definitions - Sec. 2. As used in this chapter, the following definitions...
30-4-9-3. Application - Sec. 3. (a) This chapter applies to a trust, whenever...
30-4-9-4. Applicable Law - Sec. 4. The common law and principles of equity supplement...
30-4-9-5. Powers of Appointment - Sec. 5. (a) As used in this section, "power of...
30-4-9-6. Powers of Direction - Sec. 6. (a) Subject to section 7 of this chapter,...
30-4-9-7. Rules Relating to Payback Provisions; Charitable Interest - Sec. 7. A trust director is subject to the same...
30-4-9-8. Duties and Liabilities of a Trust Director - Sec. 8. (a) Subject to subsection (b), with respect to...
30-4-9-9. Duties and Liabilities of a Directed Trustee - Sec. 9. (a) Subject to subsection (b), a directed trustee...
30-4-9-10. Providing Information to a Trust Director; Liability; Breach of Trust - Sec. 10. (a) Subject to section 11 of this chapter,...
30-4-9-11. Duties of Trust Director and Trustee Under the Terms of the Trust - Sec. 11. (a) Unless the terms of a trust provide...
30-4-9-12. Relief of Cotrustee From Duties and Liabilities - Sec. 12. The terms of a trust may relieve a...
30-4-9-13. Causes of Action; Statutes of Limitations - Sec. 13. (a) An action against a trust director for...
30-4-9-14. Causes of Action; Defenses - Sec. 14. In an action against a trust director for...
30-4-9-15. Causes of Action; Personal Jurisdiction - Sec. 15. (a) By accepting appointment as a trust director...
30-4-9-16. Applicable Rules - Sec. 16. Unless the terms of a trust provide otherwise,...
30-4-9-17. Uniformity of the Law - Sec. 17. In applying and construing this uniform act, consideration...
Chapter 10. Uniform Trust Decanting Act
30-4-10-1. Application - Sec. 1. (a) This chapter applies to a trust created...
30-4-10-2. "Appointive Property" - Sec. 2. As used in this chapter, "appointive property" means...
30-4-10-3. "Ascertainable Standard" - Sec. 3. As used in this chapter, "ascertainable standard" means...
30-4-10-4. "Authorized Fiduciary" - Sec. 4. As used in this chapter, "authorized fiduciary" means:...
30-4-10-5. "Beneficiary" - Sec. 5. As used in this chapter, "beneficiary" means a...
30-4-10-6. "Beneficiary With Disability" - Sec. 6. As used in this chapter, "beneficiary with disability"...
30-4-10-7. "Charitable Interest" - Sec. 7. As used in this chapter, "charitable interest" means...
30-4-10-8. "Charitable Organization" - Sec. 8. As used in this chapter, "charitable organization" means:...
30-4-10-9. "Charitable Purpose" - Sec. 9. As used in this chapter, "charitable purpose" means...
30-4-10-10. "Court" - Sec. 10. As used in this chapter, "court" has the...
30-4-10-11. "Current Beneficiary" - Sec. 11. As used in this chapter, "current beneficiary" means...
30-4-10-12. "Decanting Power" - Sec. 12. As used in this chapter, "decanting power" means...
30-4-10-13. "Designated Representative" - Sec. 13. As used in this chapter, "designated representative" has...
30-4-10-14. "Expanded Distributive Discretion" - Sec. 14. As used in this chapter, "expanded distributive discretion"...
30-4-10-15. "First Trust" - Sec. 15. As used in this chapter, "first trust" means...
30-4-10-16. "First-Trust Instrument" - Sec. 16. As used in this chapter, "first-trust instrument" means...
30-4-10-17. "General Power of Appointment" - Sec. 17. As used in this chapter, "general power of...
30-4-10-18. "Jurisdiction" - Sec. 18. As used in this chapter, "jurisdiction" means a...
30-4-10-19. "Person" - Sec. 19. As used in this chapter, "person" means: (1)...
30-4-10-20. "Power of Appointment" - Sec. 20. As used in this chapter, "power of appointment"...
30-4-10-21. "Powerholder" - Sec. 21. As used in this chapter, "powerholder" means a...
30-4-10-22. "Presently Exercisable Power of Appointment" - Sec. 22. (a) As used in this chapter, "presently exercisable...
30-4-10-23. "Qualified Beneficiary" - Sec. 23. As used in this chapter, "qualified beneficiary" has...
30-4-10-24. "Reasonably Definite Standard" - Sec. 24. As used in this chapter, "reasonably definite standard"...
30-4-10-25. "Record" - Sec. 25. As used in this chapter, "record" means information...
30-4-10-26. "Second Trust" - Sec. 26. As used in this chapter, "second trust" means:...
30-4-10-27. "Second-Trust Instrument" - Sec. 27. As used in this chapter, "second-trust instrument" means...
30-4-10-28. "Settlor" - Sec. 28. (a) As used in this chapter, except as...
30-4-10-29. "Sign" - Sec. 29. As used in this chapter, "sign" means with...
30-4-10-30. "State" - Sec. 30. As used in this chapter, "state" means: (1)...
30-4-10-31. "Terms of the Trust" - Sec. 31. As used in this chapter, "terms of the...
30-4-10-32. "Trust Instrument" - Sec. 32. As used in this chapter, "trust instrument" has...
30-4-10-33. Fiduciary Duty - Sec. 33. (a) Except as provided in this chapter, an...
30-4-10-34. Liability for an Action or Failure to Act by a Trustee or Person - Sec. 34. A trustee or person that reasonably relies on:...
30-4-10-35. Authorized Fiduciary; Notice of Intent to Exercise Decanting Power - Sec. 35. (a) Except as provided in subsection (c), an...
30-4-10-36. Notice Requirements - Sec. 36. A notice under section 35 of this chapter...
30-4-10-37. Effect of Notice on Exercise of Decanting Power - Sec. 37. (a) The receipt of notice, waiver of the...
30-4-10-38. Notice to a Person Authorized to Represent Another Person - Sec. 38. (a) Notice to a person with authority to...
30-4-10-39. Petition to Determine the Permissibility of the Decanting Power; Judicial Modification of Fiduciary Compensation - Sec. 39. (a) Upon a petition by an authorized fiduciary,...
30-4-10-40. Exercise of Decanting Power; Written Record - Sec. 40. An exercise of the decanting power must be...
30-4-10-41. Exercise of Decanting Power and Distributive Discretion; Limitations; General or Nongeneral Appointment - Sec. 41. (a) As used in this section, "noncontingent right"...
30-4-10-42. Limited Distributive Discretion - Sec. 42. (a) As used in this section, "limited distributive...
30-4-10-43. Beneficiary With a Disability - Sec. 43. (a) This section applies to any trust that...
30-4-10-44. Determinable Charitable Interest; Authority of the Attorney General - Sec. 44. (a) As used in this section, "determinable charitable...
30-4-10-45. First-Trust Instrument Restriction on Decanting Power - Sec. 45. (a) An authorized fiduciary may not exercise the...
30-4-10-46. Compensation of Authorized Fiduciary - Sec. 46. (a) If a first-trust instrument specifies an authorized...
30-4-10-47. Second-Trust Instrument; Liability of Authorized Fiduciary - Sec. 47. (a) Except as otherwise provided in this section,...
30-4-10-48. Modification of the First-Trust Instrument - Sec. 48. An authorized fiduciary must not exercise the decanting...
30-4-10-49. Applicable Rules - Sec. 49. (a) As used in this section, "grantor trust"...
30-4-10-50. Duration of Second Trust; Property Attributable to Both First Trust and Second Trust - Sec. 50. (a) Subject to subsection (b), a second trust...
30-4-10-51. Discretionary Distribution - Sec. 51. An authorized fiduciary may exercise the decanting power...
30-4-10-52. Second-Trust Instrument; Noncompliant Provision; Corrective Action for Exercise of Decanting Power on a Noncompliant Provision - Sec. 52. (a) If exercise of the decanting power would...
30-4-10-53. Animal Trust - Sec. 53. (a) As used in this section, "animal trust"...
30-4-10-54. Reference to Trust Instrument or Terms of Trust Instrument - Sec. 54. A reference in this article to a trust...
30-4-10-55. Decanting Power of a Settlor of a First Trust; Settlor Intent of Second Trust - Sec. 55. (a) For purposes of law of this state...
30-4-10-56. Property Discovered After Distribution of the First Trust - Sec. 56. (a) Except as provided in subsection (c), if...
30-4-10-57. Liability Against Property of a First Trust - Sec. 57. A debt, liability, or other obligation enforceable against...
30-4-10-58. Uniformity of the Law - Sec. 58. In applying and construing this uniform act, consideration...
30-4-10-59. Interpretation With Respect to the Electronic Signatures in Global and National Commerce Act - Sec. 59. This chapter modifies, limits, or supersedes the Electronic...
30-4-10-60. Severability - Sec. 60. If any provision of this chapter or its...