Indiana § 30-4-2-13 Application of statute of uses

Indiana Statutes

§ 30-4-2-13 — Application of statute of uses

Indiana·Art. 4 TRUST CODE·Ch. 2 Rules Governing the Creation of Trusts

(Application of Statute of Uses) If the trust property includes real property, and, under the terms of the trust,

(a)The beneficiary has the power to manage the trust property, including the power to direct the trustee to sell the property; and

(b)The trustee may sell the trust property only on direction by the beneficiary or other person or may sell it after a period of time stipulated in the terms of the trust in the absence of a direction: then 30-4-2-9 shall not apply to defeat the trustee's title. Formerly: Acts 1971, P.L.416, SEC.3. As amended by Acts 1979, P.L.268, SEC.8.

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(Application of Statute of Uses)
If the trust property includes real property, and, under the terms of
the trust,
(a) The beneficiary has the power to manage the trust property,
including the power to direct the trustee to sell the property; and
(b) The trustee may sell the trust property only on direction by the
beneficiary or other person or may sell it after a period of time
stipulated in the terms of the trust in the absence of a direction:
then 30-4-2-9 shall not apply to defeat the trustee's title.
Formerly: Acts 1971, P.L.416, SEC.3. As amended by Acts
1979, P.L.268, SEC.8.

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