Indiana § 30-4-10-7 "Charitable interest"

Indiana Statutes

§ 30-4-10-7 — "Charitable interest"

Indiana § 30-4-10-7

Art. 4TRUST CODE

Ch. 10Uniform Trust Decanting Act

This text of Indiana § 30-4-10-7 ("Charitable interest") 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 § 30-4-10-7 (2026).

Text

As used in this chapter, "charitable interest" means an interest in a trust that:

(1)is held by an identified charitable organization and makes the organization a qualified beneficiary;

(2)benefits only a charitable organization and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary; or

(3)is held solely for a charitable purpose and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.

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As used in this chapter, "charitable interest"
means an interest in a trust that:
(1) is held by an identified charitable organization and makes the
organization a qualified beneficiary;
(2) benefits only a charitable organization and, if the interest were
held by an identified charitable organization, would make the
organization a qualified beneficiary; or
(3) is held solely for a charitable purpose and, if the interest were
held by an identified charitable organization, would make the
organization a qualified beneficiary.