Prorating unitrust amount in short year

Ind. Code § 30-2-15-22
in effect
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Sec. 22. (a) As used in this section, "short year" refers to a part of a calendar year that: (1) begins when the interest of the current beneficiary or class of current beneficiaries begins; or (2) ends when the interest of the current beneficiary or class of beneficiaries ends. (b) The trustee shall prorate the unitrust amount on a daily basis in a short year. As added by P.L.3-2003, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/30Fetched: 10/17/2026

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