Indiana Code 30-2-15-11. Petition by trustee
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Sec. 11. If a trustee:
(2) elects not to proceed under section 10 of this chapter; or
(1) receives an objection under section 10 of this chapter;
Terms Used In Indiana Code 30-2-15-11
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
- trustee: refers to the:
Indiana Code 30-2-15-5
(3) is not able to proceed under section 10 of this chapter because the trustee does not have the power to adjust under IC 30-2-14-15(c)(5), IC 30-2-14-15(c)(6), or IC 30-2-14-15(c)(7);
the trustee may petition the court having jurisdiction of the trust for an order that allows the trustee to take an action described in section 9 of this chapter.
As added by P.L.3-2003, SEC.2.