Indiana § 30-4-10-40 Exercise of decanting power; written record

Indiana Statutes

§ 30-4-10-40 — Exercise of decanting power; written record

Indiana § 30-4-10-40

Art. 4TRUST CODE

Ch. 10Uniform Trust Decanting Act

This text of Indiana § 30-4-10-40 (Exercise of decanting power; written record) 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 § 30-4-10-40 (2026).

Text

An exercise of the decanting power must be made in a record signed by an authorized fiduciary. The signed record must:

(1)directly or indirectly reference the notice required by section 35 of this chapter;

(2)identify the first trust and the second trust;

(3)identify and state the property of the first trust being distributed to each second trust; and

(4)identify the property that remains in the first trust.

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An exercise of the decanting power must be
made in a record signed by an authorized fiduciary. The signed record
must:
(1) directly or indirectly reference the notice required by section
35 of this chapter;
(2) identify the first trust and the second trust;
(3) identify and state the property of the first trust being
distributed to each second trust; and
(4) identify the property that remains in the first trust.