Sec. 50. (a) Subject to subsection (b), a second trust may have a duration that is the same as or different from the duration of the first trust.

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Terms Used In Indiana Code 30-4-10-50

  • first trust: means a trust over which an authorized fiduciary may exercise the decanting power. See Indiana Code 30-4-10-15
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • second trust: means :

    Indiana Code 30-4-10-26

     (b) To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation that apply to property of the first trust.

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

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