Indiana § 30-2-9-4 - Deposits or investments; interest or dividends; withdrawal; forfeiture
Full text of Indiana Indiana Code § 30-2-9-4 — Deposits or investments; interest or dividends; withdrawal; forfeiture, with citation guidance and answers to common questions.
§ 30-2-9-4. Deposits or investments; interest or dividends; withdrawal; forfeiture
Sec. 4. The amount or amounts deposited or invested, with interest or dividends on the amount or amounts, if any, shall not be withdrawn until the death of the person or persons for whose funeral or burial such funds were paid, unless sooner withdrawn and repaid to the person who originally paid the money under or in connection with said agreement or series of agreements or to the person's legal representative. However:
(1) if the agreement or series of agreements provides for forfeiture and retention of any or all such payments by reason of default in payment upon and according to the terms of the agreement or series of agreements, then upon any such default and forfeiture the trustee may withdraw such deposits or investments; and
(2) nothing in this section shall prohibit the change of depository by the trustee and the transfer of trust funds from one (1) depository to another.
This section applies only to trust funds that include payments under section 1(a) of this chapter.
Formerly: Acts 1963, c.303, s.4. As amended by Acts 1978, P.L.133, SEC.5; P.L.136-2018, SEC.221.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 30-2-9-4
What does Indiana Code § 30-2-9-4 cover?
Section 30-2-9-4 ("Deposits or investments; interest or dividends; withdrawal; forfeiture") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 30-2-9-4?
A common citation format is "Indiana Code § 30-2-9-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 30-2-9-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.