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2017 Indiana Code
TITLE 30. Trusts and Fiduciaries
ARTICLE 4. TRUST CODE
CHAPTER 3. Rules Governing the Rights, Powers, Duties, Liabilities, and Remedies of the Parties to a Trust
30-4-3-7.5. Transactions authorized
Universal Citation: IN Code § 30-4-3-7.5 (2017)
IC 30-4-3-7.5 Transactions authorized
Sec. 7.5. A transaction otherwise prohibited by section 7 of this chapter is authorized if:
(1) the proposed prohibited transaction is authorized by the written consent of all qualified beneficiaries; or
(2) the proposed prohibited transaction is approved by an order of the court issued after:
(A) notice to all qualified beneficiaries; and
(B) a hearing to ensure that adequate consideration is received by or delivered from the trust for the interest transferred.
As added by P.L.194-2017, SEC.10.
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