Ind. Code § 30-2-14-6

Current through P.L. 171-2024

Section 30-2-14-6 - "Income interest" defined

As used in this chapter, "income interest" means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

IC 30-2-14-6

As added by P.L. 84-2002, SEC.2.