Indiana Statutes
§ 30-4-3-20 — Liability of beneficiary
Indiana § 30-4-3-20
This text of Indiana § 30-4-3-20 (Liability of beneficiary) 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 § 30-4-3-20 (2026).
Text
(Liability of Beneficiary)
(a)A beneficiary is liable for loss to the trust estate if he has:
(1)misappropriated or otherwise wrongfully dealt with the trust
property;
(2)expressly consented to, participated in or agreed with the trustee
to be liable for a breach of trust committed by the trustee;
(3)failed to repay an advance or loan of trust funds;
(4)failed to repay a distribution or disbursement from the trust
estate in excess of that to which he is entitled; or
(5)breached a contract to pay money or deliver property to the
trustee to be held by the trustee as part of the trust estate.
(b)Unless the terms of the trust provide otherwise a beneficiary of
a trust is liable to the extent of his interest in the trust estate for the
amount of any debt owed the trust estate by him.
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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
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-4-3-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-4-3-20.