Indiana Code 30-4-3.5-4. Review of trust assets
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Terms Used In Indiana Code 30-4-3.5-4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Sec. 4. Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms of the trust, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.
As added by P.L.137-1999, SEC.3. Amended by P.L.51-2014, SEC.24.