Indiana § 29-1-10-12.5 Protection of persons dealing in good faith

Indiana Statutes

§ 29-1-10-12.5 — Protection of persons dealing in good faith

Indiana § 29-1-10-12.5

Art. 1PROBATE CODE

Ch. 10Personal Representatives

This text of Indiana § 29-1-10-12.5 (Protection of persons dealing in good faith) 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 § 29-1-10-12.5 (2026).

Text

5.A person who in good faith either assists a personal representative or deals with him for value is protected as if the personal representative properly exercised his power. The fact that a person knowingly deals with a personal representative does not alone require the person to inquire into the existence of a power or the propriety of its exercise. No provision in any will or order of court purporting to limit the power of a personal representative is effective except as to persons with actual knowledge thereof. A person is not bound to see to the proper application of estate assets paid or delivered to a personal representative. The protection here expressed extends to instances in which some procedural irregularity or jurisdictional defect occurred in proceedings leading to the issua

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5. A person who in good faith either assists
a personal representative or deals with him for value is protected as if
the personal representative properly exercised his power. The fact that
a person knowingly deals with a personal representative does not alone
require the person to inquire into the existence of a power or the
propriety of its exercise. No provision in any will or order of court
purporting to limit the power of a personal representative is effective
except as to persons with actual knowledge thereof. A person is not
bound to see to the proper application of estate assets paid or delivered
to a personal representative. The protection here expressed extends to
instances in which some procedural irregularity or jurisdictional defect
occurred in proceedings leading to the issuance of letters, including a
case in which the alleged decedent is found to be alive. The protection
here expressed is in addition to that provided by comparable provisions
of the laws relating to commercial transactions and laws simplifying
transfers of securities by fiduciaries.
As added by Acts 1977, P.L.297, SEC.3.