Indiana Statutes
§ 30-4-3-29.3 — Power to appoint a successor trustee
Indiana § 30-4-3-29.3
This text of Indiana § 30-4-3-29.3 (Power to appoint a successor trustee) 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 § 30-4-3-29.3 (2026).
Text
3.
(a)The power to appoint a successor
trustee under a governing instrument or under section 33 of this chapter
includes:
(1)the power to appoint multiple successor trustees; and
(2)the power to allocate trustee powers to one (1) or more
trustees.
(b)A trustee to whom powers:
(1)have been exclusively allocated under subsection (a) must be
a fiduciary only with respect to the powers allocated; and
(2)have not been allocated under subsection (a) is not liable for
the actions of a trustee to whom the powers, duties, and
responsibilities are allocated.
(c)The rules governing the rights, powers, duties, and liabilities of
a governing instrument under this chapter apply to a trustee appointed
under this section unless expressly limited by the terms of a governing
instrument.
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Legislative History
As added by P.L.161-2022, SEC.1.
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 § 30-4-3-29.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-4-3-29.3.