Indiana Code 30-2-15-14. Reconversion’s release of power to adjust void
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 30-2-15-14
- income trust: means :
Indiana Code 30-2-15-2
- total return unitrust: means an income trust that has been converted to a total return unitrust in accordance with this chapter. See Indiana Code 30-2-15-4
- trustee: refers to the:
Indiana Code 30-2-15-5
- Trustee: A person or institution holding and administering property in trust.
Sec. 14. This section applies if a total return unitrust is reconverted to an income trust. The trustee‘s release of the trustee‘s power under IC 30-2-14-15, if it was given at the time the trust was converted to a total return unitrust, is void when the trust is reconverted.
As added by P.L.3-2003, SEC.2.