§ 32-18-1-18 — Trustee; final report; discharge from trust

Indiana § 32-18-1-18

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 18: INTERESTS OF CREDITORS IN PROPERTY
• Ch. 1: Assignment of Real and Personal Property for the Benefit

Text

(a) The trustee shall, at the expiration of one
(1) year after entering upon the duties of the trust or at the next term of
the court after the expiration of one (1) year after entering upon the
duties of the trust, make a final report to the court.
(b) After a hearing and determination, if the judge is satisfied with
and approves the report, the judge shall order the trustee to be
discharged from the trust. However, the judge may, for good cause
shown, grant further time to the trustee to file a final account.
[Pre-2002 Recodification Citation: 32-12-1-18.]

Legislative History

As added by P.L.2-2002, SEC.3.