"Income trust"

Ind. Code § 30-2-15-2
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 2. As used in this chapter, "income trust" means: (1) a trust created by an inter vivos or a testamentary instrument that has terms that describe the amount that may or must be distributed to a beneficiary by referring to the trust's income; or (2) a cemetery perpetual care fund established under IC 23-14-48-2. As added by P.L.3-2003, SEC.2. Amended by P.L.33-2019, SEC.8.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/30Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements