Section 30-2-8.6-1 - Applicability(a) This chapter applies to a transfer or declaration creating a custodial trust that refers to this chapter if, at the time of the transfer or declaration: (1) the transferor, beneficiary, or custodial trustee: (B) has its principal place of business in Indiana; or(2) custodial trust property is located in Indiana.(b) The custodial trust remains subject to this chapter even if the transferor, beneficiary, or custodial trustee: (1) changes its residence or principal place of business; or(2) removes custodial trust property; to a location outside Indiana.
As added by P.L. 3-2003, SEC.1.