Indiana § 32-17.5-6-4 Disclaiming power held in fiduciary capacity

Indiana Statutes

§ 32-17.5-6-4 — Disclaiming power held in fiduciary capacity

Indiana § 32-17.5-6-4

Title 32PROPERTY

Art. 17.5UNIFORM DISCLAIMER OF PROPERTY

Ch. 6Disclaimer of Certain Powers or Interests

This text of Indiana § 32-17.5-6-4 (Disclaiming power held in fiduciary capacity) 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 § 32-17.5-6-4 (2026).

Text

(a)If a fiduciary disclaims a power held in a fiduciary capacity that has not been exercised, the disclaimer takes effect as of the time the instrument creating the power becomes irrevocable.

(b)If a fiduciary disclaims a power held in a fiduciary capacity that has been exercised, the disclaimer takes effect immediately after the last exercise of the power.

(c)A disclaimer under this section is effective as to another fiduciary if the disclaimer so provides and the fiduciary disclaiming has the authority to bind the estate, trust, or other person for whom the fiduciary is acting.

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(a) If a fiduciary disclaims a power held in a
fiduciary capacity that has not been exercised, the disclaimer takes
effect as of the time the instrument creating the power becomes
irrevocable.
(b) If a fiduciary disclaims a power held in a fiduciary capacity that
has been exercised, the disclaimer takes effect immediately after the
last exercise of the power.
(c) A disclaimer under this section is effective as to another
fiduciary if the disclaimer so provides and the fiduciary disclaiming has
the authority to bind the estate, trust, or other person for whom the
fiduciary is acting.