Remedies of Beneficiary Against Third Persons

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Sec. 21. (Remedies of the Beneficiary against Third Persons)

If the trustee has a claim against a third person for which he may maintain a civil action under 30-4-3-15 but he is unable, unwilling or neglects to commence the action within a reasonable time not to exceed thirty (30) days after written demand, any beneficiary may commence the action in his own right for the benefit of all the beneficiaries.

Formerly: Acts 1971, P.L.416, SEC.4; Acts 1972, P.L.11, SEC.13.


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