Sec. 6. (Nature of the
Trustee‘s Estate)
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Terms Used In Indiana Code 30-4-2-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- 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
- 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
(b) The extent of the trustee’s estate in the trust property is limited to that which is necessary to enable him to perform the trust.
Formerly: Acts 1971, P.L.416, SEC.3.
