Indiana Code 30-2-15-6. “Unitrust amount”
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Terms Used In Indiana Code 30-2-15-6
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Sec. 6. As used in this chapter, “unitrust amount” means an amount computed as a percentage of the fair market value of the trust as set forth in this chapter.
As added by P.L.3-2003, SEC.2.