Indiana Code 30-4-3-7.5. Transactions authorized
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Sec. 7.5. A transaction otherwise prohibited by section 7 of this chapter is authorized if:
(2) the proposed prohibited transaction is approved by an order of the court issued after:
(1) the proposed prohibited transaction is authorized by the written consent of all qualified beneficiaries; or
Terms Used In Indiana Code 30-4-3-7.5
- Court: means a court having jurisdiction over trust matters. See Indiana Code 30-4-1-2
(A) notice to all qualified beneficiaries; and
(B) a hearing to ensure that adequate consideration is received by or delivered from the trust for the interest transferred.
As added by P.L.194-2017, SEC.10.