Sec. 7. In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Ind. Code § 30-4-3.5-7
Costs
Known as the Indiana Uniform Prudent Investor Act
The act spans §§ 30-4-3.5-1 to 30-4-3.5-9 (13 sections).
Applied in 1 court decision — leading case Eiteljorg v. Eiteljorg (2011)
Most recently applied in Eiteljorg v. Eiteljorg (June 2011)
As added by P.L.137-1999, SEC.3.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.