Indiana Statutes
§ 30-2-15-13 — When court shall approve conversion, reconversion, or change in rate
If the court finds that the conversion, reconversion, or change in the unitrust rate under this chapter will enable the trustee to better carry out:
(1)in the case of a trust described in section 2(1) of this chapter,
the intent of the settlor or testator and the purposes of the trust; or
(2)in the case of a trust described in section 2(2) of this chapter,
the perpetual care (as defined in IC 23-14-33-30) of the cemetery;
the court shall approve the conversion, reconversion, or change in the
unitrust rate under this chapter.
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Legislative History
As added by P.L.3-2003, SEC.2. Amended by P.L.33-2019,
SEC.10.
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