Necessity of Powers or Duties

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Sec. 9. (Necessity of Powers or Duties)

Subject to 30-4-2-13, if the trustee has neither a power nor a duty related to the administration of the trust, the title to the trust property will be treated as having vested directly in the beneficiary on the date of delivery to the trustee.

Formerly: Acts 1971, P.L.416, SEC.3.


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