Indiana Statutes

§ 32-17-14-18 — Lost, destroyed, damaged, or involuntarily converted property subject to a beneficiary designation

Indiana·Title 32 PROPERTY·Art. 17 INTERESTS IN PROPERTY·Ch. 14 Transfer on Death Property Act
If property subject to a beneficiary designation is lost, destroyed, damaged, or involuntarily converted during the owner's lifetime, the beneficiary succeeds to any right with respect to the loss, destruction, damage, or involuntary conversion that the owner would have had if the owner had survived. However, the beneficiary has no interest in any payment or substitute property received by the owner during the owner's lifetime.

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Legislative History

As added by P.L.143-2009, SEC.41.

Nearby Sections

15
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