Indiana § 30-4-5-23 Private and charitable trust foundations; split-interest trusts; effective
date of IC 30-4-5-21

Indiana Statutes

§ 30-4-5-23 — Private and charitable trust foundations; split-interest trusts; effective date of IC 30-4-5-21

Indiana·Art. 4 TRUST CODE·Ch. 5 Rules Governing the Administration of a Trust

The provisions of 30-4-5-21 shall be effective as to trusts to which such section applies in accordance with the following subsections (a) and (b):

(a)With respect to each such trust first existing on or after January 1, 1970, the provisions of 30-4-5-21 shall be effective from and after the date such trust comes into existence.

(b)With respect to each such trust existing before January 1, 1970, the provisions of 30-4-5-21 shall be effective during taxable years commencing after December 31, 1971. Formerly: Acts 1971, P.L.416, SEC.6.

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The provisions of 30-4-5-21 shall be effective
as to trusts to which such section applies in accordance with the
following subsections (a) and (b):
(a) With respect to each such trust first existing on or after January
1, 1970, the provisions of 30-4-5-21 shall be effective from and after
the date such trust comes into existence.
(b) With respect to each such trust existing before January 1, 1970,
the provisions of 30-4-5-21 shall be effective during taxable years
commencing after December 31, 1971.
Formerly: Acts 1971, P.L.416, SEC.6.

Indiana § 30-4-5-23 (Private and charitable trust foundations; split-interest trusts; effective date of IC 30-4-5-21) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.