§ 30-4-10-53 — Animal trust

(a) As used in this section, "animal trust"
means a trust or an interest in a trust created to provide for the care of
one (1) or more animals.
(b) As used in this section, "protector" means a person appointed in
an animal trust to enforce the trust on behalf of the animal or, if no
such person is appointed in the trust, a person appointed by the court
for that purpose.
(c) The decanting power may be exercised over an animal trust that
has a protector to the extent the trust could be decanted under this
chapter if each animal that benefits from the trust were an individual,
if the protector consents in a signed record to the exercise of the power.
(d) A protector for an animal has the rights under this chapter of a
qualified beneficiary.
(e) If a first trust is an animal trust, in an exercise of the decanting
power, the second trust must provide that trust property may be applied
only to its intended purpose for the period the first trust benefitted the
animal.

Legislative History

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