Indiana Statutes
§ 30-4-3-21 — Remedies of beneficiary against third persons
(Remedies of the Beneficiary against Third
Persons)
If the trustee has a claim against a third person for which he may
maintain a civil action under 30-4-3-15 but he is unable, unwilling or
neglects to commence the action within a reasonable time not to exceed
thirty (30) days after written demand, any beneficiary may commence
the action in his own right for the benefit of all the beneficiaries.
Formerly: Acts 1971, P.L.416, SEC.4; Acts 1972, P.L.11,
SEC.13.
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Related
Davis v. Davis
889 N.E.2d 374 (Indiana Court of Appeals, 2008)
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