Indiana Statutes
§ 30-4-2.1-17 — Limits on creditors of beneficiaries who may replace or remove a trustee or who are also trustees or co-trustees
Indiana § 30-4-2.1-17
This text of Indiana § 30-4-2.1-17 (Limits on creditors of beneficiaries who may replace or remove a trustee or who are also trustees or co-trustees) 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 § 30-4-2.1-17 (2026).
Text
(a)A creditor may not reach, exercise, or
otherwise acquire an interest of a beneficiary or any other person who
holds an unconditional or conditional removal or replacement power
over a trustee. A power described in this subsection is personal to a
beneficiary or other person and may not be exercised by the person's
creditors. A court may not direct a person to exercise the power.
(b)A creditor may not:
(1)reach an interest of a beneficiary who is also a trustee or
co-trustee; or
(2)otherwise compel a distribution to a beneficiary who is also a
trustee or co-trustee.
(c)A court may not foreclose against an interest held by a
beneficiary described in subsection (b).
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Legislative History
As added by P.L.6-2010, SEC.17.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-4-2.1-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-4-2.1-17.