Indiana Statutes
§ 30-4-3-13 — Liability of a successor trustee
(Liability of a Successor Trustee) A successor trustee becomes liable for a breach of trust of his predecessor if he:
(a)fails to take whatever action is necessary to compel the
predecessor trustee to deliver the trust property; or
(b)fails to make a reasonable effort to compel a redress of a breach
of trust committed by the predecessor trustee.
Formerly: Acts 1971, P.L.416, SEC.4.
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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
Definitions