§ 30-4-9-3 — Application

Indiana § 30-4-9-3

• Jurisdiction: Indiana
• Art. 4: TRUST CODE
• Ch. 9: Uniform Directed Trust Act

Text

(a) This chapter applies to a trust, whenever
created, that has its principal place of administration in Indiana, subject
to the following:
(1) If the trust was created before July 1, 2019, this chapter
applies only to a decision or action occurring after June 30, 2019.
(2) If the principal place of administration of the trust is changed
to Indiana after June 30, 2019, this chapter applies only to a
decision or action occurring on or after the date of the change.
(b) Without precluding other means to establish a sufficient
connection with the designated jurisdiction in a directed trust, the terms
of the trust that designate the principal place of administration of the
trust are valid and controlling if:
(1) a trustee's principal place of business is located in or a trustee
is a resident of the designated jurisdiction;
(2) a trust director's principal place of business is located in or a
trust director is a resident of the designated jurisdiction; or
(3) all or part of the administration occurs in the designated
jurisdiction.

Legislative History

As added by P.L.221-2019, SEC.10.