Indiana § 32-17-11-25 Payments; trust accounts

Indiana Statutes

§ 32-17-11-25 — Payments; trust accounts

Indiana § 32-17-11-25

Title 32PROPERTY

Art. 17INTERESTS IN PROPERTY

Ch. 11Multiple Party Accounts

This text of Indiana § 32-17-11-25 (Payments; trust accounts) 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 § 32-17-11-25 (2026).

Text

A trust account may be paid, on request:

(1)to any trustee;

(2)unless the financial institution has received written notice that the beneficiary has a vested interest not dependent upon the beneficiary surviving the trustee, if proof of death is presented to the financial institution showing that the decedent was the survivor of all other persons named on the account either as trustee or beneficiary, to the personal representative or heirs of a deceased trustee; and

(3)upon presentation to the financial institution of proof of death showing that the beneficiary or beneficiaries survived all persons named as trustee, to the beneficiary or beneficiaries. [Pre-2002 Recodification Citation: 32-4-1.5-11.]

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A trust account may be paid, on request:
(1) to any trustee;
(2) unless the financial institution has received written notice that
the beneficiary has a vested interest not dependent upon the
beneficiary surviving the trustee, if proof of death is presented to
the financial institution showing that the decedent was the
survivor of all other persons named on the account either as
trustee or beneficiary, to the personal representative or heirs of a
deceased trustee; and
(3) upon presentation to the financial institution of proof of death
showing that the beneficiary or beneficiaries survived all persons
named as trustee, to the beneficiary or beneficiaries.
[Pre-2002 Recodification Citation: 32-4-1.5-11.]