Indiana § 14-31-2-16 Distribution of principal

Indiana Statutes

§ 14-31-2-16 — Distribution of principal

Indiana·Art. 31 NATURE PRESERVES·Ch. 2 Indiana Natural Heritage Protection Campaign

The division may instruct the trustee of trust
II to distribute part or all of the principal of trust II to an entity
primarily responsible for management of a campaign acquisition if, in
the discretion of the division, the income that can be made available to
that entity from trust I and trust II under section 15 of this chapter is
insufficient for the accomplishment of management activities that are
necessary for the preservation of the natural features that justified the
acquisition of the site.
[Pre-1995 Recodification Citation: 14-4-5.1-9.]

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The division may instruct the trustee of trust
II to distribute part or all of the principal of trust II to an entity
primarily responsible for management of a campaign acquisition if, in
the discretion of the division, the income that can be made available to
that entity from trust I and trust II under section 15 of this chapter is
insufficient for the accomplishment of management activities that are
necessary for the preservation of the natural features that justified the
acquisition of the site.
[Pre-1995 Recodification Citation: 14-4-5.1-9.]

Indiana § 14-31-2-16 (Distribution of principal) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.