Sec. 6. (Nature of the Trustee's Estate)
(a) The trustee takes the title to the trust property.
(b) The extent of the trustee's estate in the trust property is limited to that which is necessary to enable him to perform the trust.
Nature of trustee's estate
Applied in 1 court decision — leading case Estate of Owen v. Lyke (2006)
Most recently applied in Estate of Owen v. Lyke (October 2006)
Formerly: Acts 1971, P.L.416, SEC.3.
Sec. 6. (Nature of the Trustee's Estate)
(a) The trustee takes the title to the trust property.
(b) The extent of the trustee's estate in the trust property is limited to that which is necessary to enable him to perform the trust.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.