Indiana § 30-4-4-3 Judgment lien against the trustee or beneficiary

Indiana Statutes

§ 30-4-4-3 — Judgment lien against the trustee or beneficiary

Indiana·Art. 4 TRUST CODE·Ch. 4 Rules Governing the Rights of Third Parties

(Judgment Lien against the Trustee or Beneficiary)

(a)A judgment against a person individually who may also be a trustee shall not be a lien against the trust estate.

(b)When trust property is properly sold or disposed of by the trustee to a third person, the liens against a beneficiary's interest in the trust estate, if any, will be divested from that property and will attach to the interest of that beneficiary in the proceeds from its sale or other disposition. Formerly: Acts 1971, P.L.416, SEC.5.

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(Judgment Lien against the Trustee or
Beneficiary)
(a) A judgment against a person individually who may also be a
trustee shall not be a lien against the trust estate.
(b) When trust property is properly sold or disposed of by the trustee
to a third person, the liens against a beneficiary's interest in the trust
estate, if any, will be divested from that property and will attach to the
interest of that beneficiary in the proceeds from its sale or other
disposition.
Formerly: Acts 1971, P.L.416, SEC.5.

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