Indiana § 30-4-10-1 - Application
Full text of Indiana Indiana Code § 30-4-10-1 — Application, with citation guidance and answers to common questions.
§ 30-4-10-1. Application
Sec. 1. (a) This chapter applies to a trust created before, on, or after July 1, 2022, that:
(1) has its principal place of administration in this state, including a trust whose principal place of administration has been changed to this state; or
(2) provides by its trust instrument that it is governed by the law of this state or is governed by the law of this state for the purpose of:
(A) administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this state;
(B) construction of terms of the trust; or
(C) determining the meaning or effect of terms of the trust.
(b) Except as provided in subsections (c) and (d), this chapter applies to an express trust that is irrevocable or revocable by the settlor only with the consent of the trustee or a person holding an adverse interest.
(c) This chapter does not:
(1) apply to a trust held solely for charitable purposes;
(2) limit the power of a trustee, powerholder, or other person to distribute or appoint property in further trust;
(3) limit the power to modify a trust under the trust instrument, law of this state other than this chapter, common law, a court order, or a nonjudicial settlement agreement; or
(4) affect the ability of a settlor to provide in a trust instrument for the distribution of the trust property or appointment in further trust of the trust property or for modification of the trust instrument. Such provisions in the trust instrument shall control over any applicable provision of this chapter.
(d) Subject to section 45 of this chapter, a trust instrument may restrict or prohibit exercise of the decanting power.
As added by P.L.161-2022, SEC.3.
Frequently Asked Questions About Indiana § 30-4-10-1
What does Indiana Code § 30-4-10-1 cover?
Section 30-4-10-1 ("Application") 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 § 30-4-10-1?
A common citation format is "Indiana Code § 30-4-10-1" (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 § 30-4-10-1 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.