Sec. 6. As used in this chapter, “beneficiary” means an individual for whom property:

(1) has been transferred to; or

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Terms Used In Indiana Code 30-2-8.6-6

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Trustee: A person or institution holding and administering property in trust.
(2) is held under a declaration of trust by;

a custodial trustee for the individual’s use and benefit under this chapter.

As added by P.L.3-2003, SEC.1.