Indiana Statutes
§ 30-4-6-12 — Statute of limitations
Unless previously barred by adjudication,
consent or limitation, any right against a trustee for breach of trust shall
be barred as to any beneficiary who has received a final account or
other statement fully disclosing the matter and showing termination of
the trust relationship between the trustee and the beneficiary unless a
proceeding to assert the right is commenced within three (3) years after
receipt of the final account or statement if, being an adult, it is received
by him personally or if, being a minor or person with a disability, it is
received by his personal representative. The rights thus barred do not
include the rights to recover from a trustee for fraud, misrepresentation
or inadequate disclosure related to the settlement of the trust.
Formerly: Acts 1971, P.L.416, SEC.7.
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Related
Malachowski v. Bank One, Indianapolis
590 N.E.2d 559 (Indiana Supreme Court, 1992)
Robinson v. Gazvoda
783 N.E.2d 1245 (Indiana Court of Appeals, 2003)
MacK v. American Fletcher National Bank & Trust Co.
510 N.E.2d 725 (Indiana Court of Appeals, 1987)
Bank One Indianapolis, N.A. v. Norton
557 N.E.2d 1038 (Indiana Court of Appeals, 1990)
Huff v. Huff
892 N.E.2d 1241 (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