Sec. 15. (a) By accepting appointment as a
trust director of a trust under this chapter, the director submits to personal
jurisdiction of the courts of the
state of Indiana regarding any matter related to a power or duty of the director.
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Terms Used In Indiana Code 30-4-9-15
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any other territory or possession subject to the jurisdiction of the United States. See Indiana Code 30-4-9-2
- Trust director: means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee. See Indiana Code 30-4-9-2
As added by P.L.221-2019, SEC.10.
