Indiana § 32-18-1-14 Distribution of money in possession of trustee

Indiana Statutes

§ 32-18-1-14 — Distribution of money in possession of trustee

Indiana § 32-18-1-14

Title 32PROPERTY

Art. 18INTERESTS OF CREDITORS IN PROPERTY

Ch. 1Assignment of Real and Personal Property for the Benefit

This text of Indiana § 32-18-1-14 (Distribution of money in possession of trustee) 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 § 32-18-1-14 (2026).

Text

If the court confirms the report made as provided under section 11 of this chapter and if no contested claims are standing on the docket as provided under section 12 of this chapter, the court shall order the trustee to pay all money in the trustee's hands to the clerk of the court. The clerk, after deducting the costs incident to the execution of the trust, including an allowance to the trustee as the court considers just, shall:

(1)distribute the money among the creditors according to this chapter; and

(2)take receipts from each creditor. [Pre-2002 Recodification Citation: 32-12-1-14.]

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If the court confirms the report made as
provided under section 11 of this chapter and if no contested claims are
standing on the docket as provided under section 12 of this chapter, the
court shall order the trustee to pay all money in the trustee's hands to
the clerk of the court. The clerk, after deducting the costs incident to
the execution of the trust, including an allowance to the trustee as the
court considers just, shall:
(1) distribute the money among the creditors according to this
chapter; and
(2) take receipts from each creditor.
[Pre-2002 Recodification Citation: 32-12-1-14.]