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2017 Indiana Code
TITLE 30. Trusts and Fiduciaries
ARTICLE 4. TRUST CODE
CHAPTER 4. Rules Governing the Rights of Third Parties
30-4-4-3. Judgment lien against the trustee or beneficiary
Universal Citation: IN Code § 30-4-4-3 (2017)
IC 30-4-4-3 Judgment lien against the trustee or beneficiary
Sec. 3. (Judgment Lien against the Trustee or Beneficiary)
(a) A judgment against a person individually who may also be a trustee shall not be a lien against the trust estate.
(b) When trust property is properly sold or disposed of by the trustee to a third person, the liens against a beneficiary's interest in the trust estate, if any, will be divested from that property and will attach to the interest of that beneficiary in the proceeds from its sale or other disposition.
Formerly: Acts 1971, P.L.416, SEC.5.
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