Indiana Statutes

§ 30-2-15-22 — Prorating unitrust amount in short year

Indiana § 30-2-15-22
JurisdictionIndiana
Art. 2GENERAL PROVISIONS
Ch. 15Total Return Unitrusts

This text of Indiana § 30-2-15-22 (Prorating unitrust amount in short year) 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 § 30-2-15-22 (2026).

Text

(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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Legislative History

As added by P.L.3-2003, SEC.2.

Nearby Sections

15
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Bluebook (online)
Indiana § 30-2-15-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-2-15-22.