Indiana Statutes
§ 30-2-15-22 — Prorating unitrust amount in short year
(a)As used in this section, "short year"
refers to a part of a calendar year that:
(1)begins when the interest of the current beneficiary or class of
current beneficiaries begins; or
(2)ends when the interest of the current beneficiary or class of
beneficiaries ends.
(b)The trustee shall prorate the unitrust amount on a daily basis in
a short year.
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Indiana § 30-2-15-22 (Prorating unitrust amount in short year) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.3-2003, 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