Indiana Statutes
§ 30-2-15-24 — Construing the governing instrument
After the income trust is converted to a total return unitrust under this chapter, both of the following apply:
(1)The term "income" in the governing instrument means the
unitrust amount plus any income from the trust assets excluded
from the determination of net fair market value under sections 18
and 19 of this chapter.
(2)The trustee shall make regular distributions in accordance
with the governing instrument construed in accordance with this
chapter.
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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