Ind. Code § 30-2-15-2

"Income trust"

Redline — January 1, 2018 → current.View current text →

Current — January 1, 2023

As of January 1, 2018

Sec. 2. As used in this chapter, "income trust" means:

~~Sec. 2. As used in this chapter, "income trust" means~~ a trust created by an inter vivos or a testamentary instrument that has terms that describe the amount that may or must be distributed to a beneficiary by referring to the trust's ~~income.~~

(1) a trust created by an inter vivos or a testamentary instrument that has terms that describe the amount that may or must be distributed to a beneficiary by referring to the trust's income; or

(2) a cemetery perpetual care fund established under IC 23-14-48-2.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.