Indiana Statutes
§ 30-4-8-15 — Resignation of qualified trustee; appointing successor trustees
If:
(1)a qualified trustee of a legacy trust ceases to meet the
requirements of section 6 of this chapter; and
(2)there remains no trustee of the legacy trust that meets the
requirements of section 6 of this chapter;
the qualified trustee described in subdivision (1) is considered to have
resigned when the qualified trustee ceased to meet the requirements of
section 6 of this chapter, and a successor trustee provided for in the
legacy trust shall become a qualified trustee. If the legacy trust does not
provide for a successor qualified trustee, a court shall appoint a
successor qualified trustee upon the application of any interested party.
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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