IC 30-2-14-4 — "Income" defined
Chapter 14. Uniform Principal and Income Act
Section text
Sec. 4. As used in this chapter, "income" means money or property that a fiduciary receives as current return from a principal asset. The term includes a portion of receipts from a sale, exchange, or liquidation of a principal asset, to the extent provided in sections 21 through 35 of this chapter.
As added by P.L.84-2002, SEC.2.
Source: official publisher (2026 edition)