Indiana Statutes

§ 30-4-8-15 — Resignation of qualified trustee; appointing successor trustees

Indiana § 30-4-8-15
JurisdictionIndiana
Art. 4TRUST CODE
Ch. 8Legacy Trusts

This text of Indiana § 30-4-8-15 (Resignation of qualified trustee; appointing successor trustees) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 30-4-8-15 (2026).

Text

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
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Bluebook (online)
Indiana § 30-4-8-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-4-8-15.