Indiana Code 30-4-3.5-10. Authorization of investments or strategies
Current as of: 2024 | Check for updates
|
Other versions
Sec. 10. The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this chapter:
(2) “Legal investments”.
(1) “Investments permissible by law for investment of trust funds”.
Terms Used In Indiana Code 30-4-3.5-10
- Income: except as otherwise stated in a trust agreement, has the meaning set forth in IC 30-2-14-4. See Indiana Code 30-4-1-2
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Person: has the meaning set forth in IC 30-2-14-9. See Indiana Code 30-4-1-2
(3) “Authorized investments”.
(4) “Using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital”.
(5) “Prudent man rule”.
(6) “Prudent trustee rule”.
(7) “Prudent person rule”.
(8) “Prudent investor rule”.
As added by P.L.137-1999, SEC.3.