Indiana § 30-4-2-14 Assignment of beneficiary's interest

Indiana Statutes

§ 30-4-2-14 — Assignment of beneficiary's interest

Indiana § 30-4-2-14

Art. 4TRUST CODE

Ch. 2Rules Governing the Creation of Trusts

This text of Indiana § 30-4-2-14 (Assignment of beneficiary's 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 § 30-4-2-14 (2026).

Text

(Assignment of Beneficiary's Interest)

(a)If the terms of the trust give the trustee the power to sell the trust property upon direction by the beneficiary or other person or to sell it after a stipulated period of time in the absence of a direction as provided in 30-4-2-13, the beneficiary may treat his interest as personal property and may assign it to any person notwithstanding the provisions of 30-4-2-7(c).

(b)The trustee will be bound by an assignment made under subsection (a) of this section only after he receives written notice of it. Formerly: Acts 1971, P.L.416, SEC.3.

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(Assignment of Beneficiary's Interest)
(a) If the terms of the trust give the trustee the power to sell the trust
property upon direction by the beneficiary or other person or to sell it
after a stipulated period of time in the absence of a direction as
provided in 30-4-2-13, the beneficiary may treat his interest as personal
property and may assign it to any person notwithstanding the
provisions of 30-4-2-7(c).
(b) The trustee will be bound by an assignment made under
subsection (a) of this section only after he receives written notice of it.
Formerly: Acts 1971, P.L.416, SEC.3.