30-4-10-9. “Charitable Purpose”
Sec. 9. As used in this chapter, “charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, a municipal or other governmental purpose, or a purpose that is beneficial to the community. As added by P.L.161-2022, SEC.3.
30-4-10-25. “Record”
Sec. 25. As used in this chapter, “record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. As added by P.L.161-2022, SEC.3.
30-4-10-10. “Court”
Sec. 10. As used in this chapter, “court” has the meaning set forth in IC 30-4-1-2(6). As added by P.L.161-2022, SEC.3.
30-4-10-26. “Second Trust”
Sec. 26. As used in this chapter, “second trust” means: (1) a first trust after modification under this chapter; or (2) a trust to which a distribution of property from a first trust is or may be made under this chapter. As added by P.L.161-2022, SEC.3.
30-4-10-11. “Current Beneficiary”
Sec. 11. As used in this chapter, “current beneficiary” means a beneficiary who, on the date that the beneficiary’s qualification is determined, is a distributee or permissible distributee of trust income or principal. The term includes the holder of a presently exercisable general power of appointment but does not include a person that is a […]
30-4-10-27. “Second-Trust Instrument”
Sec. 27. As used in this chapter, “second-trust instrument” means the trust instrument for a second trust. As added by P.L.161-2022, SEC.3.
30-4-10-12. “Decanting Power”
Sec. 12. As used in this chapter, “decanting power” means the power of an authorized fiduciary under this chapter to: (1) distribute property of a first trust to one (1) or more second trusts; or (2) to modify the terms of the first trust. As added by P.L.161-2022, SEC.3.
30-4-10-13. “Designated Representative”
Sec. 13. As used in this chapter, “designated representative” has the meaning set forth in IC 30-4-1-2(8). As added by P.L.161-2022, SEC.3.
30-4-10-14. “Expanded Distributive Discretion”
Sec. 14. As used in this chapter, “expanded distributive discretion” means a discretionary power of distribution that is not limited to an ascertainable standard or a reasonably definite standard. As added by P.L.161-2022, SEC.3.
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.