Trustee's Power to Convert Trust, Reconvert Trust, and Change Unitrust Rate

  1. Law
  2. Indiana Code
  3. Trusts and Fiduciaries
  4. General Provisions
  5. Total Return Unitrusts
  6. Trustee's Power to Convert Trust, Reconvert Trust, and Change Unitrust Rate

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Sec. 9. A trustee may:

(1) release the trustee's power to adjust between trust principal and income under IC 30-2-14-15 and convert an income trust to a total return unitrust;

(2) reconvert a total return unitrust to an income trust; or

(3) change the unitrust rate;

if the requirements of this chapter are met.

As added by P.L.3-2003, SEC.2.


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