Indiana § 30-4-3-7.5 Transactions authorized

Indiana Statutes

§ 30-4-3-7.5 — Transactions authorized

Indiana § 30-4-3-7.5

Art. 4TRUST CODE

Ch. 3Rules Governing the Rights, Powers, Duties, Liabilities,

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Bluebook

Ind. Code § 30-4-3-7.5 (2026).

Text

5. A transaction otherwise prohibited by section 7 of this chapter is authorized if:

(1)the proposed prohibited transaction is authorized by the written consent of all qualified beneficiaries; or

(2)the proposed prohibited transaction is approved by an order of the court issued after:

(A)notice to all qualified beneficiaries; and

(B)a hearing to ensure that adequate consideration is received by or delivered from the trust for the interest transferred.

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5. A transaction otherwise prohibited by
section 7 of this chapter is authorized if:
(1) the proposed prohibited transaction is authorized by the
written consent of all qualified beneficiaries; or
(2) the proposed prohibited transaction is approved by an order of
the court issued after:
(A) notice to all qualified beneficiaries; and
(B) a hearing to ensure that adequate consideration is received
by or delivered from the trust for the interest transferred.