Ind. Code § 30-2-15-9

Trustee's power to convert trust, reconvert trust, and change unitrust rate

As added by P.L.3-2003, SEC.2.

Sec. 9. A trustee may:

(1) release the trustee's power to adjust between trust principal and income under IC 30-2-14-15 and convert an income trust to a total return unitrust;

(2) reconvert a total return unitrust to an income trust; or

(3) change the unitrust rate;

if the requirements of this chapter are met.

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