Terms Used In Indiana Code 23-1.5-1-5.6

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
   Sec. 5.6. “Charitable remainder unitrust” has the meaning set forth in Section 664(d)(2) or 664(d)(3) of the Internal Revenue Code.

As added by P.L.172-1996, SEC.2.