Indiana Statutes

§ 30-2-14-10 — "Principal" defined

Indiana·Art. 2 GENERAL PROVISIONS·Ch. 14 Uniform Principal and Income Act
As used in this chapter, "principal" means property that is held in trust for distribution to a remainder beneficiary when the trust terminates or that will remain perpetually vested in the trustee.

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Legislative History

As added by P.L.84-2002, SEC.2.

Nearby Sections

15
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