Sec. 14. (a) This section applies if a person does any of the following with respect to a trust created under this chapter:

(1) Commits a breach of the trust.

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Terms Used In Indiana Code 8-14-15.2-14

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • trust: refers to the next generation trust fund established under this chapter. See Indiana Code 8-14-15.2-3
(2) Violates the mandate of the trust or trust agreement.

(3) Violates a duty imposed by this chapter, the trust agreement, or IC 30-4.

     (b) The attorney general may petition a court to impose one (1) or more of the remedies described in IC 30-4-5.5-1.

As added by P.L.189-2018, SEC.79.