Indiana § 30-4-9-7 Rules relating to payback provisions; charitable interest

Indiana Statutes

§ 30-4-9-7 — Rules relating to payback provisions; charitable interest

Indiana § 30-4-9-7

Art. 4TRUST CODE

Ch. 9Uniform Directed Trust Act

This text of Indiana § 30-4-9-7 (Rules relating to payback provisions; charitable interest) 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 § 30-4-9-7 (2026).

Text

A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under section 6(b)(1) of this chapter regarding:

(1)a payback provision in the terms of a trust necessary to comply with the reimbursement requirements under 42 U.S.C. 1396p(d)(4)(A); or

(2)a charitable interest in the trust, including notice regarding the interest to the attorney general under IC 30-4-6-6.

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A trust director is subject to the same rules as a
trustee in a like position and under similar circumstances in the
exercise or nonexercise of a power of direction or further power under
section 6(b)(1) of this chapter regarding:
(1) a payback provision in the terms of a trust necessary to comply
with the reimbursement requirements under 42 U.S.C.
1396p(d)(4)(A); or
(2) a charitable interest in the trust, including notice regarding the
interest to the attorney general under IC 30-4-6-6.