Indiana Statutes
§ 30-4-8-10 — Spendthrift provisions
A spendthrift provision described in section
4(4) of this chapter is considered a restriction on the transfer of the
transferor's beneficial interest in the trust that is enforceable under
applicable nonbankruptcy law within the meaning of Section 541(c)(2)
of the federal Bankruptcy Code (11 U.S.C. 541(c)(2)) or any successor
provision of the federal Bankruptcy Code.
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Related
First Bank of Whiting v. Sisters of Mercy Health Corp.
545 N.E.2d 1134 (Indiana Court of Appeals, 1989)
Legislative History
As added by P.L.221-2019, SEC.9.
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