Indiana Code 30-4-10-4. “Authorized fiduciary”
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Sec. 4. As used in this chapter, “authorized fiduciary” means:
(2) a special fiduciary appointed under section 39 of this chapter; or
(1) a trustee, trust director, or other fiduciary, other than a settlor, that has discretion to distribute or direct a trustee to distribute part or all of the principal of the first trust to one (1) or more current beneficiaries;
Terms Used In Indiana Code 30-4-10-4
- Fiduciary: A trustee, executor, or administrator.
- first trust: means a trust over which an authorized fiduciary may exercise the decanting power. See Indiana Code 30-4-10-15
- Principal: has the meaning set forth in IC 30-2-14-10. See Indiana Code 30-4-1-2
- settlor: has the meaning set forth in IC 30-4-1-2(21). See Indiana Code 30-4-10-28
- Trustee: A person or institution holding and administering property in trust.
- Trustee: has the meaning set forth in IC 30-2-14-13. See Indiana Code 30-4-1-2
(3) a special-needs fiduciary under section 43 of this chapter.
As added by P.L.161-2022, SEC.3.