Indiana Statutes

§ 30-2-14-8 — "Net income" defined

Indiana·Art. 2 GENERAL PROVISIONS·Ch. 14 Uniform Principal and Income Act
As used in this chapter, "net income" means the total receipts allocated to income during an accounting period minus the disbursements made from income during the period, plus or minus transfers under this chapter to or from income during the period.

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Related

Marshall & Ilsley Trust Co., N.A. v. Woodward
848 N.E.2d 1175 (Indiana Court of Appeals, 2006)
7 case citations

Legislative History

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

Nearby Sections

15
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