Indiana Code 30-3-4-2. Determination by board of commissioners to relinquish trust
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Sec. 2. If the board of commissioners determines:
(2) that the county will not be substantially benefited by the administration of the trust;
(1) that the amount of money or property given, devised, or bequeathed is or will be inadequate to carry out the trust without an additional appropriation from the county; and
Terms Used In Indiana Code 30-3-4-2
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Donor: The person who makes a gift.
- Intestate: Dying without leaving a will.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Testator: A male person who leaves a will at death.
then the board shall relinquish the trust. The title to any money and property so given, devised, or bequeathed then vests in the legal heirs of the donor or testator according to the provisions of IC 29 concerning intestate succession.
[Pre-Local Government Recodification Citation: 17-2-19-1 part.]
As added by Acts 1980, P.L.8, SEC.143.