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

Indiana Statutes

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

Indiana § 14-31-2-16

Art. 31NATURE PRESERVES

Ch. 2Indiana Natural Heritage Protection Campaign

This text of Indiana § 14-31-2-16 (Distribution of principal) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 14-31-2-16 (2026).

Text

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.]