30-4-10-15. “First Trust”
Sec. 15. As used in this chapter, “first trust” means a trust over which an authorized fiduciary may exercise the decanting power. As added by P.L.161-2022, SEC.3.
30-4-10-16. “First-Trust Instrument”
Sec. 16. As used in this chapter, “first-trust instrument” means the trust instrument for a first trust. As added by P.L.161-2022, SEC.3.
30-4-10-17. “General Power of Appointment”
Sec. 17. As used in this chapter, “general power of appointment” means a power of appointment exercisable in favor of: (1) a powerholder; (2) a powerholder’s estate; (3) a creditor of the powerholder; or (4) a creditor of the powerholder’s estate. As added by P.L.161-2022, SEC.3.
30-4-10-18. “Jurisdiction”
Sec. 18. As used in this chapter, “jurisdiction” means a geographic area, including a state or country. As added by P.L.161-2022, SEC.3.
30-4-10-19. “Person”
Sec. 19. As used in this chapter, “person” means: (1) an individual; (2) a corporation; (3) a business trust; (4) an estate; (5) a trust; (6) a partnership; (7) a limited liability company; (8) an association; (9) a joint venture; (10) a government; (11) a governmental subdivision; (12) an agency or instrumentality; (13) a public […]
30-4-10-20. “Power of Appointment”
Sec. 20. As used in this chapter, “power of appointment” means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney. As added by P.L.161-2022, SEC.3.
30-4-10-21. “Powerholder”
Sec. 21. As used in this chapter, “powerholder” means a person in which a donor creates a power of appointment. As added by P.L.161-2022, SEC.3.
30-4-10-22. “Presently Exercisable Power of Appointment”
Sec. 22. (a) As used in this chapter, “presently exercisable power of appointment” means a power of appointment exercisable by the powerholder at the relevant time. (b) The term includes a power of appointment exercisable only after the occurrence of a specified event, the satisfaction of an ascertainable standard, or the passage of a specified […]
30-4-10-23. “Qualified Beneficiary”
Sec. 23. As used in this chapter, “qualified beneficiary” has the meaning set forth in IC 30-4-1-2(19). As added by P.L.161-2022, SEC.3.
30-4-10-8. “Charitable Organization”
Sec. 8. As used in this chapter, “charitable organization” means: (1) a person, other than an individual, organized and operated exclusively for a charitable purpose; or (2) a government or governmental subdivision, agency, or instrumentality to the extent it holds funds exclusively for a charitable purpose. As added by P.L.161-2022, SEC.3.