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Ind. Code § 32-17-5-3

Investment of proceeds

As added by P.L.2-2002, SEC.2.

Sec. 3. If the court decrees a sale, exchange, or lease under section 2 of this chapter, the court shall direct the investment of the proceeds of the:

(1) sale;

(2) terms of the instrument of exchange or lease; or

(3) limitations of the reversion and rents and income;

so as to inure as by the original grant, devise, or condition to the use of the same parties who would be entitled to the property sold or leased or the income of the personal property.

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