Indiana Code 12-11-14-20. Preserving, investing, and expenditures of trust fund and property; trust
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Terms Used In Indiana Code 12-11-14-20
- authority: refers to the achieving a better life experience (ABLE) authority created by section 9 of this chapter. See Indiana Code 12-11-14-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 20. The trust fund and other property of the authority must be preserved, invested, and expended only under this article and may not be used for any other purpose. The trust fund shall be held in trust for account owners and account beneficiaries.
As added by P.L.12-2016, SEC.8.