Indiana Code 30-4-10-28. “Settlor”
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Sec. 28. (a) As used in this chapter, except as provided in section 55 of this chapter, “settlor” has the meaning set forth in IC 30-4-1-2(21).
(b) If more than one (1) person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to the person’s contribution except to the extent another person has power to revoke or withdraw that portion.
As added by P.L.161-2022, SEC.3.
Terms Used In Indiana Code 30-4-10-28
- person: means :
Indiana Code 30-4-10-19
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- settlor: has the meaning set forth in IC 30-4-1-2(21). See Indiana Code 30-4-10-28
- Trust property: means property either placed in trust or purchased or otherwise acquired by the trustee for the trust regardless of whether the trust property is titled in the name of the trustee or the name of the trust. See Indiana Code 30-4-1-2