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

Indiana Statutes

§ 30-4-10-7 — "Charitable interest"

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

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.

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