Sec. 34. A trustee or person that reasonably relies on:

(1) the validity of a distribution of the property of a trust to another trust; or

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Terms Used In Indiana Code 30-4-10-34

  • person: means :

    Indiana Code 30-4-10-19

  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • state: means :

    Indiana Code 30-4-10-30

(2) a modification of a trust under this chapter, law of this state other than this article, or the law of another jurisdiction;

is not liable to any person for any action or failure to act as a result of the reliance.

As added by P.L.161-2022, SEC.3.