Indiana § 30-2-15-17 Unitrust amount; successive years

Indiana Statutes

§ 30-2-15-17 — Unitrust amount; successive years

Indiana § 30-2-15-17

Art. 2GENERAL PROVISIONS

Ch. 15Total Return Unitrusts

This text of Indiana § 30-2-15-17 (Unitrust amount; successive years) 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 § 30-2-15-17 (2026).

Text

Beginning with the third year of the trust, and each year after that year, the unitrust amount for a current valuation year of the trust is the product of the unitrust rate multiplied by the average of the net fair market values of the assets held in the trust on the first business day of:

(1)the current valuation year; and

(2)each of the two (2) years of the trust immediately preceding the current valuation year.

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Beginning with the third year of the trust,
and each year after that year, the unitrust amount for a current valuation
year of the trust is the product of the unitrust rate multiplied by the
average of the net fair market values of the assets held in the trust on
the first business day of:
(1) the current valuation year; and
(2) each of the two (2) years of the trust immediately preceding
the current valuation year.