Indiana § 30-4-10-7 - "Charitable interest"
Full text of Indiana Indiana Code § 30-4-10-7 — "Charitable interest", with citation guidance and answers to common questions.
§ 30-4-10-7. "Charitable interest"
Sec. 7. 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.
As added by P.L.161-2022, SEC.3.
Frequently Asked Questions About Indiana § 30-4-10-7
What does Indiana Code § 30-4-10-7 cover?
Section 30-4-10-7 (""Charitable interest"") 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 § 30-4-10-7?
A common citation format is "Indiana Code § 30-4-10-7" (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 § 30-4-10-7 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.