Indiana § 30-4-3-29.3 - Power to appoint a successor trustee
Full text of Indiana Indiana Code § 30-4-3-29.3 — Power to appoint a successor trustee, with citation guidance and answers to common questions.
§ 30-4-3-29.3. Power to appoint a successor trustee
Sec. 29.3. (a) The power to appoint a successor trustee under a governing instrument or under section 33 of this chapter includes:
(1) the power to appoint multiple successor trustees; and
(2) the power to allocate trustee powers to one (1) or more trustees.
(b) A trustee to whom powers:
(1) have been exclusively allocated under subsection (a) must be a fiduciary only with respect to the powers allocated; and
(2) have not been allocated under subsection (a) is not liable for the actions of a trustee to whom the powers, duties, and responsibilities are allocated.
(c) The rules governing the rights, powers, duties, and liabilities of a governing instrument under this chapter apply to a trustee appointed under this section unless expressly limited by the terms of a governing instrument.
As added by P.L.161-2022, SEC.1.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 30-4-3-29.3
What does Indiana Code § 30-4-3-29.3 cover?
Section 30-4-3-29.3 ("Power to appoint a successor trustee") 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 § 30-4-3-29.3?
A common citation format is "Indiana Code § 30-4-3-29.3" (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 § 30-4-3-29.3 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.