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

Indiana Statutes

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

Indiana·Art. 4 TRUST CODE·Ch. 10 Uniform Trust Decanting Act

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.

Indiana § 30-4-10-40 (Exercise of decanting power; written record) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.