§ 30-4-2-18 — Trust for care of animal

Indiana § 30-4-2-18

• Jurisdiction: Indiana
• Art. 4: TRUST CODE
• Ch. 2: Rules Governing the Creation of Trusts

Text

(a) A trust may be created to provide for the
care of an animal alive during the settlor's lifetime.
(b) A trust authorized by this section terminates as follows:
(1) If the trust is created to provide for the care of one (1) animal
alive during the settlor's lifetime, the trust terminates on the death
of the animal.
(2) If the trust is created to provide for the care of more than one
(1) animal alive during the settlor's lifetime, the trust terminates
on the death of the last surviving animal.
(c) A trust authorized by this section may be enforced by the
following:
(1) A person appointed in the terms of the trust.
(2) A person appointed by the court, if the terms of the trust do
not appoint a person.
(d) A person having an interest in the welfare of an animal for
whose care a trust is established may request the court to:
(1) appoint a person to enforce the trust; or
(2) remove a person appointed to enforce the trust.
(e) Property of a trust authorized by this section may be applied only
to the trust's intended use, except to the extent the court determines that
the value of the trust property exceeds the amount required for the
trust's intended use.
(f) Except as provided in the terms of the trust, property not required
for the trust's intended use must be distributed to the following:
(1) The settlor, if the settlor is living.
(2) The settlor's successors in interest, if the settlor is deceased.

Legislative History

As added by P.L.238-2005, SEC.26.