Indiana Statutes
§ 30-4-8-11 — Transferor's rights and authority
Except as permitted by the terms of a legacy
trust and by sections 12 and 13 of this chapter, the transferor may not
have any rights or authority with respect to the principal or income of
the legacy trust. An agreement or understanding purporting to grant or
permit the retention of any greater rights or authority is void.
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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