Indiana Code 30-2-15-11. Petition by trustee
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Sec. 11. If a trustee:
(2) elects not to proceed under section 10 of this chapter; or
(1) receives an objection under section 10 of this chapter;
Terms Used In Indiana Code 30-2-15-11
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- trustee: refers to the:
Indiana Code 30-2-15-5
- Trustee: A person or institution holding and administering property in trust.
(3) is not able to proceed under section 10 of this chapter because the trustee does not have the power to adjust under IC 30-2-14-15(c)(5), IC 30-2-14-15(c)(6), or IC 30-2-14-15(c)(7);
the trustee may petition the court having jurisdiction of the trust for an order that allows the trustee to take an action described in section 9 of this chapter.
As added by P.L.3-2003, SEC.2.