Indiana Statutes

§ 30-4-10-28 — "Settlor"

Indiana·Art. 4 TRUST CODE·Ch. 10 Uniform Trust Decanting Act
(a)As used in this chapter, except as provided in section 55 of this chapter, "settlor" has the meaning set forth in IC 30-4-1-2(21).
(b)If more than one (1) person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to the person's contribution except to the extent another person has power to revoke or withdraw that portion.

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Legislative History

As added by P.L.161-2022, SEC.3.

Nearby Sections

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