§ 29-3-3-3.5 — Custodians of individual retirement accounts

Indiana § 29-3-3-3.5

• Jurisdiction: Indiana
• Art. 3: GUARDIANSHIPS AND PROTECTIVE
• Ch. 3: Proceedings in Lieu of Guardianships

Text

5. (a) Except as otherwise determined in a
dissolution of marriage proceeding, a custody proceeding, or another
proceeding authorized by law, including a proceeding under section 6
of this chapter or another proceeding under this article, and unless a
minor is married:
(1) the parents of the minor jointly or one (1) parent of the minor
individually, if both parents are not incapacitated persons;
(2) one (1) parent, if one (1) of the parents is an incapacitated
person; or
(3) the survivor, if one (1) parent is deceased and if the survivor
is not an incapacitated person;
have the right, without the appointment of a guardian, giving of bond,
or order or confirmation of court, to act as custodians of an individual
retirement account established for the minor under 26 U.S.C. 408.
(b) IC 30-2-8.5-27(b), IC 30-2-8.5-27(e), and IC 30-2-8.5-28 apply
to this section.

Legislative History

As added by P.L.264-1995, SEC.1.