30-4-1-1. Definition of “Trust”; Relationships Excluded From This Article; Transferability of Employee Benefit Trust
Sec. 1. (a) A trust is a fiduciary relationship between a person who, as trustee, holds title to property and another person for whom, as beneficiary, the title is held. (b) Subject to IC 30-4-2-8, the same person may be both the trustee and a beneficiary. (c) The rules of law contained in this article […]
30-4-1-1.5. Ic 30-2-4 and Ic 30-2-5 Not Repealed
Sec. 1.5. This article does not repeal: (1) IC 30-2-4 (the Uniform Fiduciaries Act); or (2) IC 30-2-5 (the Uniform Act for the Simplification of Fiduciary Security Transfers). As added by P.L.1-1989, SEC.60.
30-4-1-2. Other Definitions
Sec. 2. As used in this article: (1) “Adult” means any person eighteen (18) years of age or older. (2) “Affiliate” means a parent, descendant, spouse, spouse of a descendant, brother, sister, spouse of a brother or sister, employee, director, officer, partner, joint venturer, a corporation subject to common control with the trustee, a shareholder, […]
30-4-1-3. Application and Interpretation of Rules of Law and Terms of Trust
Sec. 3. (Application and Interpretation of the Rules of Law and the Terms of the Trust) The rules of law contained in this article shall be interpreted and applied to the terms of the trust so as to implement the intent of the settlor and the purposes of the trust. If the rules of law […]