Sec. 36. A notice under section 35 of this chapter must:

(1) specify the manner in which the authorized fiduciary intends to exercise the decanting power;

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Terms Used In Indiana Code 30-4-10-36

  • decanting power: means the power of an authorized fiduciary under this chapter to:

    Indiana Code 30-4-10-12

  • Fiduciary: A trustee, executor, or administrator.
  • first-trust instrument: means the trust instrument for a first trust. See Indiana Code 30-4-10-16
  • second-trust instrument: means the trust instrument for a second trust. See Indiana Code 30-4-10-27
(2) specify the proposed effective date for the exercise of the decanting power;

(3) include a copy of the first-trust instrument; and

(4) include a copy of the second-trust instrument.

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