Sec. 6. (a) Each trustee is entitled to reimbursement for necessary expenses actually incurred through service on the board.

     (b) Trustee expenses shall be paid from fund assets.

As added by P.L.23-2011, SEC.22.

Terms Used In Indiana Code 5-10.5-3-6

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Trustee: A person or institution holding and administering property in trust.