2013 Indiana Code TITLE 30. TRUSTS AND FIDUCIARIES ARTICLE 3. MISCELLANEOUS PROVISIONS CHAPTER 4. RELINQUISHMENT OF CERTAIN CHARITABLE TRUSTS
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IC 30-3-4
Chapter 4. Relinquishment of Certain Charitable Trusts
IC 30-3-4-1
Application of chapter; home for indigent women, worthy poor, or
orphaned children
Sec. 1. Notwithstanding IC 30-4-2-2 and IC 30-4-3-33, this
chapter applies whenever a county that has been given, devised, or
bequeathed money or property in trust for the purpose of establishing
and maintaining a home for indigent women, worthy poor, or orphan
children, and the board of commissioners of the county has been
named as trustee by the donor of the property or money.
As added by Acts 1980, P.L.8, SEC.143. Amended by P.L.238-2005,
SEC.18.
IC 30-3-4-2
Determination by board of commissioners to relinquish trust
Sec. 2. If the board of commissioners determines:
(1) that the amount of money or property given, devised, or
bequeathed is or will be inadequate to carry out the trust
without an additional appropriation from the county; and
(2) that the county will not be substantially benefited by the
administration of the trust;
then the board shall relinquish the trust. The title to any money and
property so given, devised, or bequeathed then vests in the legal heirs
of the donor or testator according to the provisions of IC 29
concerning intestate succession.
As added by Acts 1980, P.L.8, SEC.143.
IC 30-3-4-3
Certifying transcript of finding; recording
Sec. 3. The auditor of a county in which the board of
commissioners makes a finding under this chapter affecting the title
to real estate shall immediately certify a transcript of the finding to
the county recorder of the county in which the real estate so affected
is located. The county recorder shall then have the transcript
recorded in the deed record of the county.
As added by Acts 1980, P.L.8, SEC.143.
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