Indiana Code > Title 27 > Article 15 > Chapter 12 – Effect of Pending Claims on the Distribution of Consideration to Members
Current as of: 2024 | Check for updates
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Other versions
| § 27-15-12-1 | Delay of distribution |
| § 27-15-12-2 | Formation of trust under trust agreement; beneficiaries; satisfaction of claims; reports |
Terms Used In Indiana Code > Title 27 > Article 15 > Chapter 12 - Effect of Pending Claims on the Distribution of Consideration to Members
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Trustee: A person or institution holding and administering property in trust.