Indiana Statutes
§ 30-2-14-6 — "Income interest" defined
As used in this chapter, "income interest"
means the right of an income beneficiary to receive all or part of net
income, whether the terms of the trust require it to be distributed or
authorize it to be distributed in the trustee's discretion.
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Related
Marshall & Ilsley Trust Co., N.A. v. Woodward
848 N.E.2d 1175 (Indiana Court of Appeals, 2006)
Stephanie A. Schrage v. In the Matter of the Seberger Living Trust u/t/d April 27, 2009
52 N.E.3d 45 (Indiana Court of Appeals, 2016)
Legislative History
As added by P.L.84-2002, SEC.2.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions