Indiana Code 8-14-15.1-10. Trust amendments prohibited
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Terms Used In Indiana Code 8-14-15.1-10
- authority: refers to the Indiana finance authority. See Indiana Code 8-14-15.1-1
- board: refers to the next level Indiana fund investment board established by section 7 of this chapter. See Indiana Code 8-14-15.1-2
- trust: refers to the next level Indiana trust fund established under section 5 this chapter. See Indiana Code 8-14-15.1-3
Sec. 10. A trust established under this chapter may not be revoked or terminated by the authority, the board, the treasurer of state, or any other person, nor may it be amended or altered by the authority, the board, the treasurer of state, or any other person. However, the terms of the trust provide that the trust terminates when no funds remain in the trust.
As added by P.L.217-2017, SEC.69.