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2018 Indiana Code
TITLE 32. Property
ARTICLE 17. INTERESTS IN PROPERTY
CHAPTER 14. Transfer on Death Property Act
32-17-14-18. Lost, destroyed, damaged, or involuntarily converted property subject to a beneficiary designation
Universal Citation: IN Code § 32-17-14-18 (2018)
IC 32-17-14-18 Lost, destroyed, damaged, or involuntarily converted property subject to a beneficiary designation
Sec. 18. If property subject to a beneficiary designation is lost, destroyed, damaged, or involuntarily converted during the owner's lifetime, the beneficiary succeeds to any right with respect to the loss, destruction, damage, or involuntary conversion that the owner would have had if the owner had survived. However, the beneficiary has no interest in any payment or substitute property received by the owner during the owner's lifetime.
As added by P.L.143-2009, SEC.41.
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