Indiana § 30-2-12-5 "Institution" defined

Indiana Statutes

§ 30-2-12-5 — "Institution" defined

Indiana § 30-2-12-5

Art. 2GENERAL PROVISIONS

Ch. 12Uniform Management of Institutional Funds Act

This text of Indiana § 30-2-12-5 ("Institution" defined) 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 § 30-2-12-5 (2026).

Text

As used in this chapter, "institution" means any of the following:

(1)A person, other than an individual, that is organized and operated exclusively for charitable purposes.

(2)The state, including any agency or instrumentality of the state, or a unit of local government to the extent that the state or unit holds funds exclusively for charitable purposes.

(3)A trust that has only charitable interests, including a trust:

(A)that previously had both charitable and noncharitable interests; and

(B)the noncharitable interests of which were previously terminated.

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As used in this chapter, "institution" means any
of the following:
(1) A person, other than an individual, that is organized and
operated exclusively for charitable purposes.
(2) The state, including any agency or instrumentality of the state,
or a unit of local government to the extent that the state or unit
holds funds exclusively for charitable purposes.
(3) A trust that has only charitable interests, including a trust:
(A) that previously had both charitable and noncharitable
interests; and
(B) the noncharitable interests of which were previously
terminated.