Sec. 2. (a) Except as provided in subsections (b) and (c), electronic trust instruments are exclusively governed by this chapter.
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Terms Used In Indiana Code 30-4-1.5-2
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Settlor: means a person who establishes a trust including the testator of a will under which a trust is created. See Indiana Code 30-4-1-2
- Statute: A law passed by a legislature.
- Testator: A male person who leaves a will at death.
(1) is or may be described as a trust; and
(2) is excluded from IC 30-4 under IC 30-4-1-1(c).
(c) The execution, amendment, and revocation of an electronic testamentary trust shall be governed by IC 29-1-21 during the lifetime of a testator or settlor who creates, has created, or intends to create an electronic testamentary trust.
(d) If this chapter does not provide an explicit definition, form, rule, or statute concerning an issue pertaining to electronic trust instruments, applicable statutes from this article that apply to traditional paper trust instruments control.
As added by P.L.40-2018, SEC.3.
