Indiana § 30-2-15-15.2 Unitrust rate for a cemetery perpetual care fund

Indiana Statutes

§ 30-2-15-15.2 — Unitrust rate for a cemetery perpetual care fund

Indiana § 30-2-15-15.2

Art. 2GENERAL PROVISIONS

Ch. 15Total Return Unitrusts

This text of Indiana § 30-2-15-15.2 (Unitrust rate for a cemetery perpetual care fund) 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 § 30-2-15-15.2 (2026).

Text

2.

(a)This section applies to a trust described in section 2(2) of this chapter.

(b)A trust may have a unitrust rate that represents a reasonable current return from the trust and best serves the purpose of the perpetual care (as defined in IC 23-14-33-30) of the cemetery, but that is not less than three percent (3%) or more than five percent (5%), if the rate is:

(1)agreed upon in writing by the trustee and the owner of the cemetery; or

(2)ordered by the court having jurisdiction of the trust.

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2. (a) This section applies to a trust
described in section 2(2) of this chapter.
(b) A trust may have a unitrust rate that represents a reasonable
current return from the trust and best serves the purpose of the
perpetual care (as defined in IC 23-14-33-30) of the cemetery, but that
is not less than three percent (3%) or more than five percent (5%), if
the rate is:
(1) agreed upon in writing by the trustee and the owner of the
cemetery; or
(2) ordered by the court having jurisdiction of the trust.