Indiana Statutes
§ 4-24-2-2 — Annuities
Indiana § 4-24-2-2
JurisdictionIndiana
Art. 24INSTITUTIONS─GENERAL PROVISIONS
Ch. 2Gifts; Acceptance and Return of Annuity to Donor
This text of Indiana § 4-24-2-2 (Annuities) 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 § 4-24-2-2 (2026).
Text
When the gift is for the purpose of providing an
annuity, the same may be accepted by any such institution or by the
state itself upon condition that the institution or the state, as the case
may be, shall pay to the donor, for the life of the donor, or for a term of
years not beyond the lifetime of the donor, as may be agreed, or shall
pay to any person or persons named by the donor, in being at the time
of the gift, for the life of such person or persons or for a term of years
not beyond the lifetime of such person or persons, as may be agreed, an
annuity on the value of the property at the time the gift is made, as
provided under this chapter, but such annuity shall in no case exceed
the actual income from the property donated.
Formerly: Acts 1917, c.20, s.2; Acts 1923, c.127, s.1. As
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State agency complianceCite This Page — Counsel Stack
Bluebook (online)
Indiana § 4-24-2-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-24-2-2.