Indiana Statutes
§ 32-18-1-5 — Trustee; removal upon petition of assignor or creditor
Indiana·Title 32 PROPERTY·Art. 18 INTERESTS OF CREDITORS IN PROPERTY·Ch. 1 Assignment of Real and Personal Property for the Benefit
(a)If the trustee fails to comply with the
provisions of sections 1 through 4 of this chapter, the judge of the
circuit court, superior court, or probate court, or the clerk of the circuit
court may, at the instance of the assignor or a creditor, by petition:
(1)remove the trustee; and
(2)appoint another suitable person as trustee.
(b)A replacement trustee shall:
(1)comply with the requirements specified in this chapter;
(2)immediately take possession and control of the property
assigned; and
(3)enter upon the execution of the trust, as provided in this
chapter.
[Pre-2002 Recodification Citation: 32-12-1-5.]
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Legislative History
As added by P.L.2-2002, SEC.3. Amended by P.L.84-2016,
SEC.137.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapter