Sec. 2. As used in this chapter, "income trust" means:
(1) a trust created by an inter vivos or a testamentary instrument that has terms that describe the amount that may or must be distributed to a beneficiary by referring to the trust's income; or
(2) a cemetery perpetual care fund established under IC 23-14-48-2.
As added by P.L.3-2003, SEC.2. Amended by P.L.33-2019, SEC.8.