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2022 Indiana Code
Title 30. Trusts and Fiduciaries
Article 2. General Provisions
Chapter 15. Total Return Unitrusts
30-2-15-15.2. Unitrust Rate for a Cemetery Perpetual Care Fund
Universal Citation: IN Code § 30-2-15-15.2 (2022)
Sec. 15.2. (a) This section applies to a trust described in section 2(2) of this chapter.
(b) A trust may have a unitrust rate that represents a reasonable current return from the trust and best serves the purpose of the perpetual care (as defined in IC 23-14-33-30) of the cemetery, but that is not less than three percent (3%) or more than five percent (5%), if the rate is:
(1) agreed upon in writing by the trustee and the owner of the cemetery; or
(2) ordered by the court having jurisdiction of the trust.
As added by P.L.33-2019, SEC.12.
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