Section 30-4-10-7 - "Charitable interest" As used in this chapter, "charitable interest" means an interest in a trust that:
(1) is held by an identified charitable organization and makes the organization a qualified beneficiary;(2) benefits only a charitable organization and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary; or(3) is held solely for a charitable purpose and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.Added by P.L. 161-2022,SEC. 3, eff. 7/1/2022.