IC 30-2-15-2 — "Income trust"
Chapter 15. Total Return Unitrusts
Section text
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.
Source: official publisher (2026 edition)