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2018 Indiana Code
TITLE 30. Trusts and Fiduciaries
ARTICLE 2. GENERAL PROVISIONS
CHAPTER 15. Total Return Unitrusts
30-2-15-16. Unitrust amount; initial two years of trust
Universal Citation: IN Code § 30-2-15-16 (2018)
IC 30-2-15-16 Unitrust amount; initial two years of trust
Sec. 16. For the first two (2) years of the trust or the first two (2) years after the conversion to a total return unitrust under this chapter, the unitrust amount for a current valuation year of the trust must be the product of the unitrust rate multiplied by the net fair market values of the assets held in the trust on the first business day of the current valuation year.
As added by P.L.3-2003, SEC.2.
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